Yeah. The OP said "really high fees" and that can only mean on chain because LN transactions have very low fees.

What confused me though was the OP said it took a few minutes to settle and right now there are a metric shit-ton of transactions waiting to clear.

So, they either set fees really high fees so it would clear (it would still take 10 minutes or so to settle) or the OP is full of shit and I'm leaning towards the OP being completely full of shit.

I doubt this transaction was mad because nothing here adds up.

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Thanks for your valuable input to the conversation. I don't need you to believe me. When I use my credit card, I pay $0 transaction fees and the transaction is instant. My point is: how are merchants incentivized to replace their POS systems if they're dealing with the wait and the headaches vs a small cc processing fee? The girl at the place today didn't even know they took BTC and had to ask someone. πŸ€·β€β™‚οΈ

Did you make this transaction with an on-chain transaction or a Lightning Network transaction?

You might want to learn about settlement. https://twitter.com/btcandres/status/1253091958073053188

He is not going to make it #[5]

You make a good point with credit card settlements. But those affect the merchant and not me as a consumer. In fact, it benefits me more to have protections against fraud. So no transaction fee, instant payment, and fraud protections. Not really swaying me. Then the merchant has to liquidate all the BTC so he can pay his employees.

Don't get me wrong. I'm all for crypto. I'm an enthusiast and I'm learning. Not an expert at all (make no claim to be at any point). Just throwing out random thoughts as a consumer.

I think with the merchant getting instant settlement and much lower fees, they could an dshould consider a "cash discount" rate. With platforms like Strike they can instaconvert to USD also, if they're not wanting bitcoin. Win-win. Eventually they become bitcoiners, and start saving some in treasury.

you think it doesn't affect you but it does

as a merchant I can tell you that I increase my prices the more people pay with credit cards

I have to because I have to contend with fraud and fees

cash businesses can offer discounts

Bitcoin is more similar to cash especially lightning with the low fees

I don’t want to be that guy, Josh. But is bitcoin. Not crypto

I agree with you. But make sure to understand that btc is not crypto. Looks like simple semantics but they are not. Worth the time spend to understand it. Having said that. Think of btc as a bearer property asset. That alone makes it extremely valuable. Eventually you will be able to use it as currency, but we are far from that stage IMHO

We pay the price and the merchant includes it with our $14 sandwiches. If the 3% was cut to below 1%, the merchant might show some gratitude, cut you in with something, or give your order priority.

A location not knowing they take BTC and having to learn is a frequent story with transactions. Part of blazing a trail.

I always ask if people take Bitcoin

I like paying in a way that I don't have some company monitoring everything I do and selling my data to somebody else

You can think of Bitcoin as being a bit like a financial toolbox. If you're using a giant waffle headed framing hammer to drive a finishing nail & you're unhappy with the result, that's not really a problem with the tools themselves.

Bitcoin has a payment layer that is designed for retail, with instant & nearly free transactions.

The dollar financial system is increasingly being weaponized & transformed into a tool of political manipulation. Close to 50% of the dollars in circulation were printed in the last 3 years. They tried to pull some of that money back out of the system by raising rates off of zero, & in doing so they've created a banking crisis, & had to promise to print a whole lot more.

The inflation & shortages & "supply chain issues" we've seen over the last few years are likely to return, because money printing causes economic coordination to break down. As this happens govt officials will try to blame anything & everything else. They will ramp up the "climate emergency" propaganda, they may try to manufacture another "pandemic," they may instigate more riots or terrorism...

They need some excuse to censor information on the internet (tho I think AI advancements are already doing a pretty good job of isolating & preventing certain info from spreading) & they need justifications for limiting your access to your own money & how you can spend it. As the value of the dollar plummets, along with the ability to spend it freely, Bitcoin will become an extremely valuable means of escape.

Adoption will come when the time is right. It would be nice if people didn't have to lose too much, or experience too much pain to get motivated, but most probably will.

Also, someone pays the fee. You do not, but the commerce does. Because there is a third party involved guaranteeing the transaction. You do not have this issue with cash or in this case btc (electro-cash).