Quote from: SvenBomvolen on July 03, 2017, 02:06:46 PM

Quote from: Dudeperfect on July 02, 2017, 03:59:51 AM

"The head of two Montessori schools in New York won't let parents pay by credit card - but he is accepting Bitcoin."

Bitcoin accepted at New York pre-school.

This is something really positive thing that bitcoin is being adopted where is a tech-savvy next generation. I am sure in next few years we are going to see such things happening in most of the countries.

There is a school in India which started accepting bitcoin way back in 2016.

This School Accepts Bitcoin !.

I don't know how to react on this news. From the one side it's good for bitcoin mass adoption, but from the other side the head of the school makes parents to choose: pay with cash all in once or pay with bitcoin, I know the education in the USA in not cheap and not everybody got the idea of bitcoin yet, so, I suppose people will chose another school or will have to get what digital currencies are in a short period. Am I wrong?

Well, if the tuition that is offered at that school is really good, like above and beyond every other school then i really see no reason why they don't want to accept credit card payments because there is going to be a predominantly rich parents funding the student's school fees.

The biggest concern though is that although they said that they like bitcoin and have invested in it, they are essentially taking no risk by accepting bitcoin. Because they're simply going through a payment processor such as Bitpay and this simply doesn't have any difference at all when compared to accepting credit cards, because in the end you're still guaranteed a USD sum.

To achieve stability, btc needs to have merchants accepting bitcoin value instead of accepting bitcoin for its usd value.