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0 sats \ 5 replies \ @spiderman OP 1h \ parent \ on: Why Did not Bitcoin Take Over Corporate Settlement of Medium Sized Amounts? bitcoin
Fax vs email?
Horse carriage vs automotive?
Steamer vs airplanes?
Did they all have something that somehow works on one hand and something scary, risky (and a lot of learning curve with something almost alien) on the other side?
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These examples aren't comparable. They are all used by individuals within organisations, not by organisations coordinating with other organisations.
And despite that fax lasted for years, I'm sure it's still used.
For bitcoin to be used for corporate settlement you need to coordinate with and get sign off internally and externally, and there are always intransigent people, often at the top, who will block it.
Of course it's probable that Russian corporations today are using bitcoin for corporate settlement, since the sanctions would have provoked an environment for experimentations, but they've probably migrated to the Chinese payment rails since then.
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Totally. That's why it takes time to adopt. Not everybody is like you and me. We're at the far left side of the adoption curve and it looks pretty desperate from this point of view.
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I just got in to bitcoin a bite more than a year back, thought I am one of the late ones, the whole world already has it.
But i also asked this question because so many companies are apparently building bitcoin treasuries. They do business with each others as well, right? So if they are settling some amounts between them for services provided, then Bitcoin would obviously be the best choice.
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That's not true.
Ask any person on the street whether they own Bitcoin and most will say no.
Even worse, find someone who owns it and also understands it.
Owning <1% of your networth in orange coins is not adoption.
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