Quote from: BitcoinNewbie15 on August 03, 2018, 02:47:42 AM

Bitpay was (is?) the largest payment processor for Bitcoin. They are seriously hurting Bitcoins usage as a means of payment though. They started mandating that BIP70 is used for payments. This put a bad taste in many peoples mouth and caused many users to stop using Bitpay altogether. I'm unsure why they mandated BIP70 for payments, but it just overcomplicated things.

Well I think I know, it made things simpler for the processing of the payment. I'm not sure its a massive discouragement compared to the scenario last year of such high fees, I really didnt want to spend 30 dollars just to move some BTC. I thought that was so bad and now really BTC improved overall even while the price is lower.

I'm pretty sure Bitpay just return the payment back if its not within their demands, its not a massive deal. Even years ago, 2014 say I can remember payments being returned if outside the payment time window

Quote from: LeGaulois on August 03, 2018, 03:02:29 PM

But, but, but... nobody is using crypto because people consider it an "investment", so they just HODL or trade. They are not interested to use it with merchants no, they are not interested in decentralization or privacy no, they just want to make a profit and receive it in their fiat account. Sure not everyone behaves like this, but let's be honest, the majority does. Why do you want to see more merchants accepting crypto if nobody is using, would you?

https://bitcointalk.org/index.php?topic=4756504.msg42963723#msg42963723

I'd rather nobody held BTC as if its a investment, really it should be called a betting slip because its relying on the price change. Investment implies a yield or business interest which is not at all the case, POS coins maybe do this as the wallet holders get the transaction fees but obviously not with POW.

If everyone just spends their BTC its fine by me, its the cirulation which raises monetary velocity and is the magic which helps raise overall BTC worth as far as I can tell. The more its used the better for all of us.
PEople who fear selling BTC because its price fell should swap some over to gold which also fell this year. Gold historically has a link to the dollar and is very likely to appreciate under the unwinding of 20 trillion US treasury debt and QE programs.
The Dollar isnt getting stronger under this regime transition, its come due to pay its bills and will depreciate which both helps BTC in theory and also gold like I say that was a fixed link to dollar previously so is a reasonable hedge to those who 'over-invested' on this wave. No reason to doubt BTC can be used for transactions, it just needs to be flexible to handle the smallest of all