adoption vs replacement
OP's idea is not adoption, its replacement. and to give the short answer, goodluck running down that path before you learnt to walk
EG users class ebay as being main stream adopted by consumers. that does not mean there is no alternative/choice.
pepsi and coca-cola work side by side
walmart and 711
mcdonalds and burger king
dollar euro pound yen bitcoin
they can all work side by side. its strange to think that investment people will only invest in one thing because someone on a forum wants to irradicate all other investments. its strange to think that consumers will only spend in one currency because someone on a forum wants to irradicate all other currencies.
especially when he has not done the maths to realise that bitcoin doesnt need to have 100% population grab with 100% life savings for a currency to function.
especially when the OP has no understanding of bitcoin to know that bitcoin is not just about using in a shop.
Topic: Will full BTC adoption require Retailers to ONLY accept BTC? - page 2. (Read 1328 times)
If this is going to happen it won't be for a long time. There would need to be more, gasp, rules and regulations in roder for shops and big stores to accept only Bitcoin, don't you think? Like Macy's is not going to only accept Bitcoin, how would they know what to do with it? They'd need to trade it for fiat, and with all the BTC question marks it would be a mjor hassle that they don't see the benefit of I'm sure.
Will full Bitcoin adoption require that retailers transact almost exclusively Bitcoin? Similar to small shops in our local communities that only deal in cash and not debit or credit.
The retailer doesn't have to accept fiat when there are so many easy ways for buyers to exchange their fiat into Bitcoin. Also, if retailers only accept Bitcoin it will force buyers to engage in the full process of acquiring Bitcoin, having a wallet, and then spending that Bitcoin. If retailers have fiat as a payment option side-by-side with Bitcoin I don't think many people will choose Bitcoin (as new users), because they already have fiat and the retailer will accept it.
What does the community think about this?
The retailer doesn't have to accept fiat when there are so many easy ways for buyers to exchange their fiat into Bitcoin. Also, if retailers only accept Bitcoin it will force buyers to engage in the full process of acquiring Bitcoin, having a wallet, and then spending that Bitcoin. If retailers have fiat as a payment option side-by-side with Bitcoin I don't think many people will choose Bitcoin (as new users), because they already have fiat and the retailer will accept it.
What does the community think about this?
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