Why would a business with existing infrastructure for payment systems that have existed for 20+ years continue to use their currently existing payment infrastructure as a settlement method for their vast majority of customers instead of building a brand new infrastructure for a small minority of customers 🤔?
Love it, or hate it but the square update is probably the best way to make it friendly for businesses to accept Bitcoin.
I am not talking about what Square did. From their POV is perfectly fine and is a good thing.
But my question is about the merchants.
Complacency in using an old fiat system is not an excuse.
Most Merchants don't even understand how Bitcoin works, and they probably don't even understand how square terminals work either but are forced to learn since the alternative was not getting any money.
Bitcoin has been around since 2009 but only recently has started becoming usable for most real world stores.
You need to realize most people aren't you Darth, most people aren't earning $100,000+/year as a dev with 120+ IQs, most business are ran by people that most of their funds disappear as soon as they come in, and probably have 100 to 110 IQs.
Most merchants are probably well into their 50s, and 60s, and have been living off of fiat their whole lives.
If you want to help Bitcoin stop thinking like a 20 year old white dude, and start thinking like a Boomer, or an African, and see what would change that mindset.
People will only build the infrastructure once they see the utility for it, and Square is showing, and teaching people that Bitcoin has utility by meeting them where they're at because the alternative is no adoption.
I hate fiat rails as much as you do too but I use Flexa, and other fiat mechanisms too for Bitcoin sometimes because businesses won't fully commit unless they see the investment being worth it.
And yes Bitcoin infrastructure is cheaper, and easier but unfortunately right now most businesses have to operate on fiat.
Square changes the game though, it simplifies the process, and let's the two currencies compete, and overtime businesses will give preferential treatment to Bitcoin once they see the benefit to them.
>If you want to help Bitcoin stop thinking like a 20 year old white dude
That sounds like a bitter, gay comment...!!
What does it matter if he thinks like a white person or a black person?
Most, if not all of the earliest adopters of Bitcoin have been disproportionately high earners 110+ IQ 20 to 30 year old libertarian white men in a western country.
If Bitcoin/Cryptocurrency users want adoption we need to start thinking like 60 year old Black women because otherwise Bitcoin/Crypto isn't going anywhere.
I thought Bitcoin was about freedom and decentralization, not about filling social quotas. If you continue with that thinking, we'll have to change the Bitcoin logo from orange to black or pink.
Yeah.. or they could start thinking like libertarian men.
It's easier for a higher frequency creature to move to a lower level than for a lower frequency creature to increase its frequency.
We need to lower our frequency to drag people up with us.
It's all about energy input/output, buy nodes, and hardware wallets for people, gift them Bitcoin, give them lightning liquidity, because they won't do it themselves.
Bitcoin grows by replication rather than self-starters since the fiat mindset has destroyed the self-sufficiency/self-starting mechanism in people.
Bitcoiners need to be the primer/fuel that starts the fire with incentives because no one in their right fiat mind is going to spend $10,000+ just to run a slightly more better money system when the current money systems works just fine, only downside is inflation but normies don't care since they don't understand inflation, they just see it as needing more money.
You blame the "early adopters" when all these early adopters were screaming for the last 16 years about Bitcoin and were ignored.
If you want to cry, cry, but don't blame me for your past mistakes.
Now you cry because Saylors are grabbing the remaining BTC...
I'm just saying for something that's supposed to free the masses from fiat slavery it's done sure of a hell of a job at ensuring the fiat slavery status quo continues on.
The underdogs didn't win from Bitcoin/Crypto.
The people who were already on top have won.
Bitcoin was supposed to level the playing field, and remove banking barriers, and increase financial access but instead has become a CBDC-lite with Bitcoin being KYC'd at every point.
Want to buy a miner, KYC'd.
Want to join a pool, KYC'd.
Want to use a Wallet, KYC'd.
Want to Use Lightning, KYC'd.
Want to Off sell for fiat, KYC'd.
And yes, I know use BitAxe Solo Miners with a Foss Wallet, Buy KYC-Free P2P, and Use Zeus, etc., etc. but people aren't going to use the principled way, since it's implementation costs are higher.
Convenience ALWAYS WINS!
It's just easy to snap a picture of your ID than spend 10+ hours fiddling around with Linux, and potentially losing your funds.
And I'm saying Bitcoin could work but we need to develop tools with the normies in mind.
The normies are old low income ethnic minority women, all of us using Bitcoin today we're the outliers, or to use communist terms the bourgeoisie, we're not the proletariat in relative to everyone else.
The classic "Bitcoin failed because people don't use it the way I want" argument.
Brother, Bitcoin didn't promise to make you coffee or teach you how to use Linux. It promised freedom, and freedom includes people choosing convenience if they want.
KYC? Yes, the system tries to get its claws in, as always. But the code is still there, free, resilient, running 24/7—nothing has changed.
It's not Bitcoin's fault that most people prefer convenience over sovereignty.
So no, Bitcoin didn't fail.
It just proved that the biggest enemy of freedom isn't the system... it's laziness.
Dude, the masses are not interested, the masses don't understand and the masses don't care, and that's why they are the masses.
Plenty of us have been preaching the gospel for almost 20 years now. 9.99 out of 10 times people won't listen and they won't go educate themselves, they will look around and copy the response of the people around them.
We're outliers. I don't say it in an arrogant way. I'm just saying, when you accept that you think differently and therefore act differently and therefore will get different results, you will understand: this is real fairness, cause and effect.
The network is open to all. It's not my fault that almost no one even wants to try to understand why it exists and what it's for.
That's their loss, and it was their free choice, as it was mine to do the opposite.
Ah, yes, of course… because according to the “experts,” to understand Bitcoin you have to be a white man with an IQ of 110, live in a Western country, and eat neoliberalism for breakfast. I arrived late, I'm neither a genius nor a millionaire, but at least I understood something: Bitcoin doesn't ask for pedigree, only that you understand freedom… and that you stop crying over useless statistics.
This is good
It isn't an excuse, but most people don't try to look for better opportunities, even the semi-entrepreneurial ones who form small businesses, until it becomes so obvious that they'll die without it that they finally get motivated. Most people stay ignorant.
