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72 sats \ 5 replies \ @Solomonsatoshi 25 Jul \ on: Bitcoin Brick & Mortar bitcoin
I accept bitcoin in my online sales business- however very few people use the option.
Here in New Zealand there are very few btc accepting bars- none in my province though a few in Queenstown where lightningpay.nz are actively onboarding businesses to accept.
Queenstown has a very high exposure to young international travellers who are more likely to have and want to spend.
IMO for a BTC bar you need either a large city where enough Bitcoiners will be or a city where enough travelers will be drawn to the BTC aspect.
I have tried to encourage the owner of a large bar here in my city to accept but no success, and he owes me too for help I gave in starting his property renovation side business, but regardless still does not want to take the risk of accepting- for most businesses they will see it as a more risk, hassle and cost than worthwhile from a profit perspective.
I have recently had what looks like some success in encouraging a business to accept Bitcoin- my green coffee bean supplier- here's how I did it-
#1035424
IMO online sellers are more likely to be open to accepting and more easily approached and asked.
It is hard. I live near an enormous city, and there are very few businesses who accept it. I think PubKey in NYC only gets about 5% of sales paying in bitcoin. It has been a while since I visited, but the general consensus then was "save your SATs, spend fiat." I hope that philosophy has changed.
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If anything from what I see the stack sats hodl and hoard narrative is getting stronger and the desire to spend sats p2p is increasingly a minority view.
I suspect that the early difficulty in using LN payments put off a lot of people.
The fact that LN is now a workable means of payment might turn that around but its not looking like its happening yet.
In 2024 a bar/kebab shop in ChiangMai had weekly Wednesday night BTC meetups, everyday BTC payments and great kebabs! BTC appeared to be adding to the viability of the business so it can be done given the right circumstances - but still not easy.
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I'm hoping that stackers who have.been around for a while might decide, rather than sell for fiat, to spend some of their profits on the LN network. It's a private, no kyc way to enjoy their sats.
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I hope so too but there will be others afraid of exposing themselves to potential wrench attacks.
The fiat powers (bankers and governments) sly strategy of obstructing BTC as a P2P payments protocol by allowing it as a taxed tracked and traced speculative commodity plaything, has been rather successful.
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Very true.
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