Quote from: Francesco on June 17, 2013, 09:15:55 PM

Quote from: silvergoldandbitcoin on June 16, 2013, 09:49:07 AM

Quote from: phillipsjk on June 16, 2013, 08:44:28 AM

Their suppliers and employees want to be paid in FIAT. Since all of their suppliers want to be paid in FIAT.
The market cap of Bitcoin is now high enough that one high-end product line won't move the price much.
If successful, they will run into Bicoin scaling issues.

What he said.

Somewhere down the line, fiat is required.

Unless the business can convince their direct supplier to accept BTC, it will be darn near impossible to produce a product funded solely with BTC.

That's where Ripple comes in. If you can convert your bitcoins on-the-fly to pay others who don't accept it -then it works.

It's not like you can just send ripples in company A's direction and they magically appear in that company's bank account. There seems to be a large barrier to entry, even larger than if we tried to get businesses to use bitcoin.