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@ Gunson
2025-04-04 06:48:44
Right now I have to go pretty far out of my way to spend Bitcoin at physical locations, even though I'm in a major global city. I do it, but can't every day. So it's not a habit and I mainly use my fiat credit card for things.
Likewise with online payments. Some retailers accept gift cards, but it's still a lot of friction tracking them all then entering codes at checkout (Amazon is unfortunately the best UX for gift cards - convenient, but makes me feel dirty buying stuff there).
If suddenly 30% of merchants start accepting Bitcoin I will be able to pay with it almost all the time. Bitcoiners will be activated to do this. They will start using wallets more, finding merchants because they know one is likely just down the road, and creating a habit of paying with Bitcoin. They can show their friends and people in the queue. Merchants hopefully see savings on these purchases because Block will email them their fees and charge backs broken down by payment type.
It will be slow at first, but the friction is much lower than 2014 where you had to wait for confirmations and QR UX wasn't familiar. Make it so the merchant never has to add friction for fiat payers and they'll never need to turn it off.
We have to start somewhere. This will resolve the chicken and egg issue of: people don't pay with Bitcoin because they can't pay with Bitcoin.