Hi,
everyday we hear of new companies adopting bitcoin.
But in my opinion they are not really adopting bitcoin but accepting payment through bitcoin which inmediately is exchanged into fiat money.
Why is this a bad thing? Businesses that accept BTC are going to need to convert BTC to fiat at some point - unless they're fortunate enough to be able to pay all their costs in BTC. They can either do that through bitpay or they can sell their BTC directly on an exchange, OTC, whatever. But at some point they will need to sell BTC to pay utility bills, local and national taxes, etc - perhaps even their merchandise.
There should be a symbol for real adopters of bitcoin to show so we know they are not using bitpay (or similar) and are keeping the bitcoins and making business with them.
What I mean is that bitcoin should really be adopted and not pretend they are adopting it when it is not really the case.
What do you think?
I think adopting BTC is exactly what these businesses are doing, and we should support them. I'll worry about them still using fiat when it becomes possible for businesses to function solely using non-fiat.