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21 sats \ 4 replies \ @SpaceHodler 22h \ parent \ on: Easy exchange to fiat helps increase merchant adoption bitcoin
The ability to spend sats easily, even if the merchant you're paying gets fiat through an automatic conversion, makes sats more desirable and incentivizes merchants to accept them.
Fiat sucks, but most of the economy is fiat-based.
We can integrate with the existing economy and unleash the world's economic energy onto Bitcoin, or we can build a separate, isolated economy for nerds and "paranoid crypto anarchists" where all you can buy is anonymous eSIMs and VPN subscriptions.
Gift cards such as those offered by TBC and Bitrefill are fiat too, because the issuer sells them for fiat.
The same with Travala, the airline still gets fiat.
The merchant, even if they accept BTC directly, can always sell it for fiat and will if they want to. It's none of my business what they do with it. But if I can pay them in BTC, that's adoption, whatever they end up doing with it.
Why people after 15 years still do not get why was created Bitcoin in the first place?
THE WHOLE POINT OF USING BITCOIN IS TO GET RID OF ALL FIAT RAMPS, NOT TO STILL USE THEM.
If you use bitcoin only to buy on bitrefill, esims and vpns, then is a failed experiment.
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Shouldn’t we let the merchant decide what they what they do with the bitcoin we sell them? Unless you police them and prevent them from selling bitcoin back to fiat…
Getting merchants to accept bitcoin directly should be first goal…using gift cards or things like does not encourage adoption, I agree.
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Is our duty to educate them well. Otherwise is all for nothing.
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THE WHOLE POINT OF USING BITCOIN IS TO GET RID OF ALL FIAT RAMPS, NOT TO STILL USE THEM.
And the easier it is to spend, the closer we are to that goal.
We've come a long way over those 15 years, but we still have a long way to go.
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