Reading this forum, I periodically come across posts that glorious times will come when bitcoin will be used everywhere to buy and sell any services and goods around the world. I am amazed and surprised by the optimism of some people. There is an aphorism that goes something like this: optimists are people who are ill-informed. I'm trying to look at the situation from a realistic point of view and this is what I see.
Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.
It's funny (or not so) true, once you make a profit, they demand a share of your profits, but they don't minimize your risks in any way and don't compensate for losses. This is a small digression.
Now we come to the point that I would like to discuss.
As you know, bitcoin can be easily used as a currency in p2p transactions and no government has any influence here. But what about legal entities? For example, small shops, bars, etc., where now you can pay with
BTC (By the way, there are not so many such places). It must be legally difficult to get it right. And what about those in whose countries it is difficult to overcome bureaucratic obstacles and calmly accept bitcoin in their shop?
Can use the "accept as a donation" option instead of paying? In this case, will it be possible to hold you legally liable in your country? Will government agencies be able to punish this method? I understand that each country has its own legislation, but I know examples of countries where under the guise of "donations" religious organizations enrich themselves without paying a penny of taxes (officially and legally exempt from taxes). For example, this organization rents out rooms to pilgrims (and not only) in its "hotels" and the price list indicates "donation" and not payment for services. With this example, I wanted to show that the model of paying for services / goods under the guise of "donations" is quite real and feasible, and if use bitcoi for this, it can be even easier.
The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get
BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.
Donation + discount when paying in
BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end,
BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.
What can you say about this option? Will it be legal to use it?
The most effective way is just simply spreading the word whether if it’s word by mouth, social media, donations, transportation, paying bills, etc., educating the masses, etc. When my dad was planning to do a milk tea business before the pandemic, I was thinking of a promo or perk for customers if they are going to use a Bitcoin wallet and scan QR code for payment, etc. However, my dad decided not to pursue the business for personal reasons. But if he does, I would push him to adopt my suggestion.