It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either.
We're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle.
That's why the developing world will embrace this before the developed world.
↗️ Promoted
npub1wv…2m8ek
2023-09-09 13:49:59
in reply to nevent1q…q4fh
Author Public Key
npub1wvxmejgfgwl3sjn3x5y3lz6xh8d6f08hx9xstt775q2qf4303ktq92m8ekPublished at
2023-09-09 13:49:59Event JSON
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"content": "It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either.\nWe're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle.\nThat's why the developing world will embrace this before the developed world. ",
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