- How would the word get out? usebitcoins.info? Are there others?
- Who's the best merchant processor? BitPay?
- Can you think of anything else he might ask?
Great idea. I think it would be awesome to have a "Why you should take Bitcoin" flyer we could all print out and hand to merchants.
i disagree on your disadvantage there is a lot if disadvantage of using bitcoin. bitcoin is not that stable yet unlike any currency bitcoin can go up and down almost 20% in just an hour. what if the price goes down not knowing your purchase the product much higher than current value you bought.
Between the various payment processors (bitpay, coindesk, other...) there are options to mitigate risk. Some payment processors will "back" or "insure" 0-confirmation transactions. This isn't an overt risk since there are ways to sweep 0-conf transactions to ensure eventual confirmation. Also, some payment processors will offer an instant-to-fiat capability too. Then the risk is only in the price volatility for the 10 seconds between initial POS and BTC-to-Fiat transition.
Of course all these payment processors are going to charge. So it is more expensive than cash, but less expensive than plastic. It would also be worth pointing out that accepting cash does come with built in cost. Loss to counterfeits is a non-zero number, also, cost for making cash deposits is non-zero (gas, pickup service, risk).