Quote from: Shindo1988 on May 05, 2015, 12:13:27 PM

Quote from: inBitweTrust on May 05, 2015, 12:01:57 PM

Quote from: Shindo1988 on May 05, 2015, 11:54:23 AM

Quote from: inBitweTrust on February 19, 2015, 02:51:29 PM

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.

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?

Well isn't it also quite conceivable that those are just "brands" or "branches" of existing companies or stores, only created with the intention of attracting Bitcoin business? People who like Bitcoin accept it, because it's their 'hobby'. They're into Bitcoin because they want to help its adoption. They won't quit just because sales are low at the beginning.