pull down to refresh
21 sats \ 4 replies \ @siggy47 OP 25 Jul \ parent \ on: Bitcoin Brick & Mortar bitcoin
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.
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.
reply
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.
reply
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.
reply
Very true.
reply