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That's my perception also. It seems obvious, in fact. I have literally had people say to me at PubKey "why would I spend my precious bitcoin here when they accept dollars? "
actually it's not obvious..
it's much more convenient to pay with btc than it is to purchase the local cash variant and pay with that
plus you're not supporting banksters
plus you're supporting a circular btc economy and helping to bootstrap the payment network
ALWAYS pay with btc. Spend and replace.
The fact that Gresham's Law is in play is obvious. Bitcoin is better money than fiat, and people want to hang on to it. This is especially true as fiat sheds value through inflation. Personally I spend bitcoin as often as I can, but I get a lot of pushback from hodlers who think I'm crazy.
I've never seen a situation where Bitcoin is the most convenient way to pay. Even if a store takes Lightning, it's still easier to tap a credit card.
pay with credit card?
how embarrassing.. to rely on a bank, to make a purchase.
Right or take the phone like a Harry Potter wand over the payment terminal. We need this level of ease of buying - the apple pay ease of hovering the phone.
bitcoin nfc cards already exist, they've been out for ages
I may be unpopular saying this, but I think It does apply to fiat and bitcoin.
If I understand my currency/monies, and I have $100 fiat and $100 bitcoin, and the restaurant gives me a tab for $125, I am going to spend all of my fiat ($100) and part of my bitcoin ($25). I wouldn't ever get rid of my bitcoin first as it is deflationary in nature.
The USD is the worse of the two, and any rational actor will tend to get rid of that first.