Post
Topic
Board Bitcoin Discussion
Re: Bitcoin only Businesses that reject all fiat
by
inBitweTrust
on 05/05/2015, 12:23:34 UTC
....or maybe they really are just cashing out even though they don't accept fiat.

These are obviously mostly side projects where most have a day job paying the bills.
These days you can buy practically anything for Bitcoin directly so why do any of them need to cash out to fiat?

Example 1) I buy photography services which forces me to buy more bitcoin on an exchange because I refuse to dip into my savings, Abigail takes the bitcoin and buys some furniture on overstock with bitcoin , overstock cashes out 90% into fiat but saves 10% in bitcoin.

Example 2)I buy photography services which forces me to buy more bitcoin on an exchange because I refuse to dip into my savings, Abigail takes the bitcoin and notices another btc only business (possibly through this thread) and decides to spend her money there instead which keeps the btc in the ecosystem longer instead of cashing out to fiat.

The more clients do this and businesses trade amongst others doing this, the more it will strengthen our ecosystem.



But, does it really help forcing your buyer to do something they wouldn't normally do?
Or will it make them look for another shop which takes their fiat?
 

There are already thousands of shops that will sell you the goods and services in this directory. What these businesses are doing are offering a value added proposition to their clients. They are allowing agorists and conscientious consumers a choice to opt out of a corrupt system. To some of us this is a very important feature that we will gladly pay more for (although some of these goods and services are nicely priced) and be forced to buy more btc for. Some of us really don't like paying for drones that go around and murder children or funding our own surveillance state. We understand that while we are somewhat powerless under the current framework to make this choice we can limit our support with the principles of agorism. Bitcoin is a very useful tool for accomplishing this goal.