Ironically, the best way (for the bitcoin ecosystem) to spend your bitcoins is..
So, we all know that with merchant acceptance and people using bitcoin more, the price goes down because most of the merchants convert (sell) the bitcoin to fiat at the moment of the purchase.
However, there's a way to avoid a sell-order when using your bitcoin to purchase things: using services like PurseIO or Brawker!
Therefore, ironically enough, the best way (for the bitcoin ecosystem) to spend your bitcoin, is using it with merchants that still don't support it...
I wonder if there could be a way to convince BitPay to implement the best of both worlds here? Whenever a purchase is made, don't put an immediate-sell order on the market, but just place a bid (offering the customer a small discount in exchange for a small delay to confirm the transaction maybe?).
However, there's a way to avoid a sell-order when using your bitcoin to purchase things: using services like PurseIO or Brawker!
Therefore, ironically enough, the best way (for the bitcoin ecosystem) to spend your bitcoin, is using it with merchants that still don't support it...
I wonder if there could be a way to convince BitPay to implement the best of both worlds here? Whenever a purchase is made, don't put an immediate-sell order on the market, but just place a bid (offering the customer a small discount in exchange for a small delay to confirm the transaction maybe?).