Post
Topic
Board Trading Discussion
Re: Interesting conversation with a retailer who formerly accepted Bitcoin
by
SMTB1963
on 28/07/2012, 23:57:21 UTC
Pretending there is no solution exists simply because the merchant isn't informed is well stupid and not very productive.

After two clarifications if you still can't understand that well I just have to assume you don't want to understand that.  I won't be responding further not because you disagree but simply because it likely is pointless.

mmm...I don't recall claiming/pretending there is no solution.  In fact, I mentioned bit-pay as a solution in my first post in this thread.  Responding further would indeed be pointless, because we appear to be in agreement on that matter.  My question to you was regarding the apparent lack of broader merchant adoption, given the solutions that currently exist - which you did see fit to address:

The adoption timeframe for mainstream users is measured in years (if not decades).  Bitcoin isn't just PayPal 2.0 it is radically different.  Not just on the technological level but at the cultural and societal level too.  It puts responsibility back on the user, it has an independent currency, it has no central planner.  Those are hard concepts to grasp, trust, and understand.    Much like the internet took a couple decades to become "mainstream ready" Bitcoin will take a long time too.  I am happy with Bitcoin growth rate (in users, transaction volume, services, and maturity of codebase).  If you really feel that BTC is "going nowhere fast" then honestly there is no realistic future scenario that isn't going to disappoint you.

Decades?  That is disappointing.  I guess I simply don't understand why a cultural/societal shift is a necessary prerequisite for merchant adoption of BTC.

(I think I set up bit coin as a Zimbabwean dollar)

Currency humor!  (I lol'd)

Speaking of accounting, do you employ an outside accountant for tax preparation?  If so, what was his/her take on that "Magic Computer Money"?