Quote from: Coyster on October 12, 2018, 07:28:42 AM

Quote from: jseverson on October 12, 2018, 07:19:08 AM

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I really doubt merchants will be enthusiastic about accepting bitcoins directly considering how volatile it is and also considering they are simply in business to make profits..

Accepting the bitcoin directly could propel them to incur losses as the price is definitely never stable

I get that. It represents unnecessary risk. These are exactly the problems that Bitcoin payment processors aim to solve after all. I didn't say they should start accepting Bitcoin directly now.

Quote from: Herbert2020 on October 12, 2018, 07:40:55 AM

Quote from: jseverson on October 12, 2018, 07:19:08 AM

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i agree but that is only half of the process (accepting payment) otherwise the other half which is spending bitcoin doesn't change. so we can say it is 50% good since people would still be directly paying bitcoin with their own wallets without needing any third parties for sending or holding bitcoin. the merchant is only relying on a third party to accept the payment.

Yeah, this is why I described them as a short-term measure. People can spend Bitcoin directly on their end, while businesses can expand their user base without taking volatility risks, even if Bitcoin isn't ready for those (on a large scale) by itself yet. Once Bitcoin scales and becomes a lot more stable, two things that I believe will happen in the future, it should be more likely for them to start accepting directly.