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Because I believe merchant adoption is the backbone of real adoption.
15 sats \ 1 reply \ @Kontext 14 Sep
Basically none. But there are also basically no bitcoiners here in Estonia even though the monetary policy is _not even _in the hands of local politicians (as if that made anything better) and the country suffered some of the highest inflation rates in Europe in 2022... I am constantly surprised and appalled by the apathy, disinterest and timidness of the people around me. Which is one of the main reasons I'm seriously considering seeking a new home somewhere in the Americas, but I digress. All that being said, I do accept BTC for my own goods, of course, and am trying to increase overall merchant adoption in a roundabout way with a gift card business, but it's a low-budget solo venture for now and there hasn't been a lot of interest from either investors nor customers so... I guess we're still, unfortunately, very early? At least from the MoE perspective.
BTW completely agree that unless BTC can be used as a Medium of Exchange, we will always be crippled by trusted third parties, KYC/AML bureaucracy, financial censorship, etc. In other words, Bitcoin can be the better money, but not the freedom money, without the MoE component.
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I went to BTC Map and in whole of Estonia I can see only one business accepting Bitcoin, so I can understand your disappointment somewhat.
But why so far as North America? My understanding is Bitcoin spreading fairly even in, for example, Switzerland and Czechia (much closer home for you)! May be they can even beat much of north America (which is a humongous region, and not all states/provinces are equally open to it either).
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I think https://btcmap.org/ speak for itself
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Small businesses I use regularly are open to conversations but I'm a frugal person so there's only my barber, the brewery where I host my meetup, and other places that happen to be owned by bitcoiners
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there isnt a vendor im aware of within my metro. My only way to use btc is buying stuff online.
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5 sats \ 1 reply \ @k00b 14 Sep
Practically non-existent. There are probably at most a dozen places, only one of which I'm aware of, that accept bitcoin. Getting them prepared for me to pay with bitcoin, as the rare customer that asks to pay that way, is usually pretty unpleasant too.
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Try harder
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Thanks, this is something that I have been thinking for sometime. While I would love to see more merchant adoption, some nuance is necessary in what kind of merchant I want to see adopting it. I do not care so much about whether my next door cafe sells me a latte for Bitcoin (which will come, when his hand is forced, whether he is a Bitcoiner or not).
As always, it is the critical mass and network problem. Merchants will have to pay their taxes, labours, suppliers and rent in Fiat, hence accepting Bitcoin just adds a layer of complexity, which I sort of have to agree with.
That is why I always believe the most positive signs of adoption would be when Bitcoin is adopted by manufacturers (not only merchants)
  • whose demand curves are less elastic
  • whose products are more essential at a survival level (for an individual, or polities)
  • of critical industrial components, capital goods or supply chain bottlenecks
Here are some present examples and some others that I hope to see.
  • There are shops in Texas (unsurprisingly) that sell Firearms and ammunitions for Bitcoin
  • Emarat (one of the largest oil companies in the Arab world) allows you to fill up your gas tank for Bitcoin
  • Real estate sales in Florida to Dubai are being settled in Bitcoin
  • Apmex (Gold/silver dealer) accepts Bitcoin
  • Sino Global (a shipping corporation) accepts Bitcoin
I am hoping some copper, Aluminium, oil refiners, steel makers, ship builders, Lockheed Martin or Boeing, some cement companies, NextEra Energy (one of the giant electricity suppliers in north America) etc. will get on-board with Bitcoin settlement (especially for global payments and final settlements worth like ~100 BTC or such).
They can have more base layer (pun intended) impact than cafes selling a latte or pizza for Bitcoin. These are businesses you will likely not see on BTC Map, but even one of their impacts can be felt in the world of money more than all the Steak-n-Shake combined.
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Guys, the big merchants will never come to you begging to spend your sats. YOU MUST DO HARD WORK in your local community to convince local producers, farmers, ranchers etc to sell you their products for sats.
When I see people saying "there's none of the merchants accepting my sats in my area" I see only lazy people that didn't do any hard work to educate them, just complaining.
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