The problem is not merchant acceptance. It's consumer incentive

crypto_coiner 2014-12-13 07:48:25 UTC #1

Yurizhai 2014-12-13 08:18:18 UTC #2

It’s like you guys have been brainwashed and can only think in terms of merchants and consumers, there’s no other role in the world. What about savers? All that is needed for Bitcoin to go to the moon is having an easy way to keep your coins safe. More and more smart people will then start using it to store their wealth or transfer it across borders. Then other people will follow. Then moon.

Yeaaah… about that…

crypto_coiner 2014-12-13 09:14:03 UTC #3

“Merchants accepting Bitcoin does not give your average joe a reason to
buy bitcoins and then spend them. Most of the time, it’s cheaper for
the consumer to pay in fiat.”

—> What would be the fees incurred to consumers when they pay in NBT? compared to fiat

Yurizhai 2014-12-13 09:55:33 UTC #4

Time spent converting fiat into NBT, along with any fees or additional costs that might incur.

crypto_coiner 2014-12-13 10:00:02 UTC #5

Would it be more expensive or cheaper than credit card companies?

Yurizhai 2014-12-13 10:07:30 UTC #6

As a consumer it’s more expensive to use cryptos, as a merchant I really have no idea. I don’t know what credit card companies charge per transaction.

crypto_coiner 2014-12-13 12:38:30 UTC #7

BTW, let’s upvote and rain positive comments on this reddit thread -