Local butcher has a new payment terminal, because the new bank cards only work with the newer machines. Cost of payment terminal €999,- a monthly service fee he didn’t know from the top of his head. €0,07 per transaction. He said he can’t wait for all customers to pay in bitcoin. Would save him a holiday per year… additionally bank costs of €0,11 per outgoing transaction and monthly bank fee. He also complained about the water treatment bill which went up 35% for this year. Curious which retailers will survive the upcoming years.

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Just got back from the butcher. Lot of people waiting. He clearly announced for everyone: “I just got a new pin terminal and the machine is down, the new terminals are down throughout the Netherlands. You can either pay in cash or in bitcoin, what Bert is going to do now.” Bitcoin is never down, people didn’t know what happened. Unintentionally planting more seeds, coincidently being at the right place at the right time…

This is how it's going to happen.

Godspeed.

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

-S.N.

You love to see it!

The people who think that they'll be ok with just gold & silver coins are not seeing the full picture.

I'm guessing you were one of the 'lucky' ones who came home with meat?

The other people didn’t have cash on them, he said he’d write it down. It’s a small town. He knows everyone personally.

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

-S.N.