Post
Topic
Board Bitcoin Discussion
Re: Bitcoin only Businesses that reject all fiat
by
inBitweTrust
on 05/05/2015, 12:01:57 UTC
I am interested in compiling a list of businesses that exclusively accept Bitcoin. Businesses that exclusively accept bitcoin are a value added asset to our community as they are more likely to not immediately cash out and any person doing business with them are incentivized to buy bitcoin first. These are the businesses we should value and support first and foremost as they are placing their trust completely in our ecosystem.

-snip-


That is the shitty part with merchants that accept - exclusively or not - Bitcoin.
They cash it out to fiat.
But that is completely understandable because even though they might pay their employees in BTC, they have suppliers that want cash.

Look at the list of products and services. Many do this as a side job and are unlikely to be getting much or any money from the less than 1 million bitcoin spenders. At this stage it is more likely they will save at least some of their BTC to recirculate or for investment purposes.

Additionally, if they are so bold to reject all fiat they are doing this for ideological reasons and thus more likely to retrade the BTC further improving our ecosystem. Of course some one down the line eventually will trade out most the btc for fiat but supporting these businesses is a way to reduce bleeding out into fiat and strengthen our ecosystem.

Additionally , any bitcoin only businesses often force the buyer to buy bitcoin to trade which also helps.