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40 sats \ 3 replies \ @frostdragon 24 Aug 2023 \ parent \ on: Why don't you spend your bitcoin? bitcoin
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.
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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