20 sats \ 4 replies \ @franzap 24 Aug 2023 \ parent \ on: Why don't you spend your bitcoin? bitcoin
Why don't you buy bitcoin with that extra fiat and spend it?
And by fiat you mean cards or cash?
I mean if that’s the only option, I’m happy to. But if you’re taking fiat AND bitcoin, odds are you’re converting whatever amount you want to bitcoin, so it doesn’t make a difference if that happens on the front end or the back end.
What makes a difference is long term self custody. The more people that hodl and treat bitcoin like a store of value like it should be, the better.
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More payments in bitcoin incentivizes more merchants to offer it as payment method which in turn grows adoption, that is, more people treating bitcoin as a store of value.
There's also the privacy aspect. Unless you're into fiat games it makes no sense to pay with a card when you can pay with lightning for example.
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That only makes sense if offering bitcoin increases sales.
Whether or not I feel like I need privacy for a transaction just depends on the situation.
All that being said, if a coffee shop started accepted lightning, and the coffee was actually good and reasonably priced, it’d be my instant go to.
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Fair
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