Way to make people use BTC - page 2.

Kprawn

legendary

Activity: 1904

Merit: 1074

It opens up a new income stream for the "owner"

If you tell him, how many BTC is in circulation, and he can get a piece of that pie, by adopting this currency, he might consider it. The early adopters will get new customers and more feet into his business.

And this is just an experiment, to show people how the currency works. {Introduction to BTC} Wink

raganius

sr. member

Activity: 308

Merit: 250

Quote from: Kprawn on June 27, 2014, 04:01:05 PM

Ok, then do this, where BTC are accepted as a payment system. {To increase adoption rate}

Only country I know, would be Argentina? China might be too I guess, but they in and out.

What other countries are there, where it is banned?

In any case, I am not saying, you force people to only accept BTC - I say, give them a alternative payment method. The owner of the bar, will in any event, still convert that BTC back to fiat, via Bitpay. So where is he breaking the law?

Maybe the problem there lies on the client having to exchange fiat for crypto in order to make the payment. It would be a different situation if the merchant accepts both fiat and btc, and it's up to the client to decide which currency will be used: then it sounds ok

Kprawn

legendary

Activity: 1904

Merit: 1074

Ok, then do this, where BTC are accepted as a payment system. {To increase adoption rate}

Only country I know, would be Argentina? China might be too I guess, but they in and out.

What other countries are there, where it is banned?

In any case, I am not saying, you force people to only accept BTC - I say, give them a alternative payment method. The owner of the bar, will in any event, still convert that BTC back to fiat, via Bitpay. So where is he breaking the law?

zimmah

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Activity: 1106

Merit: 1005

Quote from: madmat on June 27, 2014, 07:13:03 AM

Quote from: gondel on June 27, 2014, 04:34:06 AM

Hello everyone,
I think a way to make BTC more popular is if someone makes the first step and open a store or restaurant or bar or something where only BTC will be accepted. The place must be in some famous crowded with people place and to not accept any other currency. A BTC ATM can be mounted at the entrance so everybody could exchange their money into BTC to buy something in this store. This way lot of people will understand the way BTC works ( person must be hired near the ATM and his only responsibility will be explaining the nature of BTC). The begining is going to be hard, but sure with the time people will get used to it. Locals will start using it. The idea that any other currency is not accepted will attract people for sure.
Please share comments

BR
Gondel

You need a lot of cash to do that, as no bank is going to help you with such a business model.

it's even illegal in fact.

If you offer a service and demand payment for that service you are forced by law to accept government issued currency. At least in most countries. (maybe not for all countries).

I can recall a case where some insurance company refused to accept banknotes (they wanted only bank transfers) and they lost the case. They were forced to accept bank notes.

You can bypass this law by having 1 cash register and plenty of bitcoin registers. If people absolutely want to pay with cash give them the worst cash-out experience possible.

raganius

sr. member

Activity: 308

Merit: 250

Be aware that (at least in some jurisdictions) it is illegal not to accept local (government issued) fiat currecy in trades.

Kprawn

legendary

Activity: 1904

Merit: 1074

Well rather have meetings in bars and show some online youtube videos, to introduce people to BTC

Then hand out some pre-loaded paper wallets, with enough BTC to pay for their first 2 beers.

Train the staff, on how BTC payments work or better link the bar for the owner to Bitpay and ask him to sponsor the first 2 beers.

Then let them pay for their beers, to see how easy it is.

If you going to do that, and you can provide proof, I guess their will be enough people, who would sponsor some BTC for that to happen.

Put what you did on youtube, and tell other to do the same.

Do it with 2 or 3 bars in your area, and you will see how it will grow.

Just print something for the bar owner, saying ..."We accept BTC" Grin

brokjen420

member

Activity: 84

Merit: 10

In addition You could set up a Clear plexiglass display with a miner a rasppi and a monitor in a business, Make up a huge Green calculator and put realtime usd income by mining, Tongue

thatd be a way for people to go hey DAFAQ is THAT. MAKING MONEY GET DOWN GET DOWN! Grin

trand

full member

Activity: 252

Merit: 100

Streamity Decentralized cryptocurrency exchange

I think it takes a lot more socializing either to the bank or the government because bitcoin is not a common currency so many fears but will revert to what you said before there must be stores that support bitcoin,

gondel

legendary

Activity: 1960

Merit: 1005

Quote from: madmat on June 27, 2014, 07:13:03 AM

Quote from: gondel on June 27, 2014, 04:34:06 AM

Hello everyone,
I think a way to make BTC more popular is if someone makes the first step and open a store or restaurant or bar or something where only BTC will be accepted. The place must be in some famous crowded with people place and to not accept any other currency. A BTC ATM can be mounted at the entrance so everybody could exchange their money into BTC to buy something in this store. This way lot of people will understand the way BTC works ( person must be hired near the ATM and his only responsibility will be explaining the nature of BTC). The begining is going to be hard, but sure with the time people will get used to it. Locals will start using it. The idea that any other currency is not accepted will attract people for sure.
Please share comments

BR
Gondel

You need a lot of cash to do that, as no bank is going to help you with such a business model.

Of course you need lot of cash, but also if you do not say to the banks that you will only accept BTC they can release you money. Banks are providing funds if you provide collateral so this wont be problem at all. Every business needs arge amount of investment to start and every start is difficult!
BR

madmat

legendary

Activity: 966

Merit: 1000

Quote from: gondel on June 27, 2014, 04:34:06 AM

Hello everyone,
I think a way to make BTC more popular is if someone makes the first step and open a store or restaurant or bar or something where only BTC will be accepted. The place must be in some famous crowded with people place and to not accept any other currency. A BTC ATM can be mounted at the entrance so everybody could exchange their money into BTC to buy something in this store. This way lot of people will understand the way BTC works ( person must be hired near the ATM and his only responsibility will be explaining the nature of BTC). The begining is going to be hard, but sure with the time people will get used to it. Locals will start using it. The idea that any other currency is not accepted will attract people for sure.
Please share comments

BR
Gondel

You need a lot of cash to do that, as no bank is going to help you with such a business model.

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

It's best to be a service-based business, so not to be too dependent on fiat to purchase raw materials. Prices may need to be changed every month due to the volatility of bitcoin prices, or price of services offered is low enough to make fluctuations less relevant. It's difficult to find a workable business model, if it is easy, people would have done it already.

gondel

legendary

Activity: 1960

Merit: 1005

Hello everyone,
I think a way to make BTC more popular is if someone makes the first step and open a store or restaurant or bar or something where only BTC will be accepted. The place must be in some famous crowded with people place and to not accept any other currency. A BTC ATM can be mounted at the entrance so everybody could exchange their money into BTC to buy something in this store. This way lot of people will understand the way BTC works ( person must be hired near the ATM and his only responsibility will be explaining the nature of BTC). The begining is going to be hard, but sure with the time people will get used to it. Locals will start using it. The idea that any other currency is not accepted will attract people for sure.
Please share comments

BR
Gondel

Topic: Way to make people use BTC - page 2. (Read 2982 times)