Nostr Web Client

No, what I am saying is that they should sell to merchants, solutions to use Bitcoin, not visa cards. To help them accepting bitcoin and not visa / fiat.

I really do not see how that company is "extremely valuable" for bitcoiners when they push the use of fiat and not bitcoin. The fact that you buy "fiat credits" with sats it doesn't mean the merchant is taking the sats. But the way around, you are literally proliferate the creation of more fake money (fiat). Those tokens on a visa card DO NOT EXIST, are just new IOUs.

Using a VISA card IS NOT "living on bitcoin". You are just going back to fiat, you are not creating a bitcoin circular economy.

Guy Swann 1y ago

So you are just saying that they should make their business the way you want them to and serve the customers that you wish they would rather than what they want to build?

The Bitcoin Company provides me a very valuable service and I appreciate them and really hope they don’t switch to merchant POS systems because that’s not something I need.

Plus, the overwhelming majority of merchants just turn it back into fiat, using bitcoin for payments, and fiat as their money.

IMO the opposite is far more valuable, using Bitcoin as money, and only using fiat for its payment network, until we get to the point where that isn’t necessary. Which occurs when everyone realizes they should save in Bitcoin.

I guess we can just agree to disagree. No disrespect.

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Discussion

DarthCoin ₿⚡️ 1y ago

Here is how is done properly. I do not see anybody in these videos paying with a VISA card and saying that they used Bitcoin...

https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples

And these are just few examples.

Guy Swann 1y ago

That’s literally awesome dude, but if the merchant isn’t accepting bitcoin, then it makes literally no difference than buying a gift card and doing this with someone else.

This is using Lightning as a payment mechanism, which is important and a big part of adoption. But the bigger problem is getting people to hold bitcoin as their dominant money, and both merchant adoption, and the ability to use it *without* merchant adoption, are critical to that.

Both are necessary for adoption from both the merchant and user side, and from the monetary base and payment side.

Lucky Kite 1y ago

This is why Bitcoin is useless. You can't really buy anything in Bitcoin except fiat. And when you do its full KYC or you are not going home with anything except illegal goods on the darkweb.

🇵🇸 whoever loves Digit 1y ago

Nothing useless about illegal goods on the darkweb

Lucky Kite 1y ago

Clearly people find illegal goods useful or it wouldnt exist. But for buying anything else, well it is useless because it DOESN'T really exist- you have to cash out first via some exchange, which makes it nothing more than fiat gambling device.

🇵🇸 whoever loves Digit 1y ago

We need something like cryptwerk.com on nostr but with stores that actually accept coin separate from stores that just accept "coin payments" through some third party converter

Boog 1y ago

You can still save it. Saving it and never spending it is still using it.