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100 sats \ 3 replies \ @nullcount 6h \ on: Are bitcoin-only online marketplaces unworkable at scale? bitcoin
Your ecomm store is saying "no" to tons of sales if you're not accepting Apple Pay yet. Why?
Its not because Apple Pay has the best privacy, or is the "safest" with respect to escrow, trust, etc. Its not even the tech that is superior.
Its because most people have an iPhone. That's it.
Apple has 92% of the digital wallet market share. They process $6 Trillion per year.
I don't think even 1% of people have access to a Bitcoin wallet loaded with sats they can spend on a whim.
Its not that bitcoin is unworkable at scale. Its just unworkable. Unless your business is only targeting those 1% of people with sats to spend, there is no scale to work with in the first place.
i dont have an ecom store, when i did, i accepted all the usual payment methods etc
this is more of an idealistic thing where it would be nice to have a robust, non kyc platform for people to buy and sell in sats, without the accompanianing worries
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If a business is competing based on "ideals", its unlikely they'll compete well on the other things you probably care about: quality, consistency, price, etc.
I want to buy the best from the best. I don't care about spending the best money while doing it. In fact, I'd rather avoid spending good money, if possible.
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sure, but im not a business, my income is from my actual business, this is a bit of fun
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