Accepting Bitcoin as a Small Business – 4 Years In, No Customers

Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by amanaplanacanal on Friday March 01, 2019 @07:13PM (#19286557)

> Bitcoin is your last resort payment method/store of value

This is what people have traditionally held gold for. It feels to me like there are very few use cases that aren't already served by physical gold.

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Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by turkeytotal on Saturday March 02, 2019 @04:54AM (#19288513)

You can't use gold online in an trust-minimized way. One counterexample are industries with high chargeback/fraud rates. Bitcoin is perfect for merchants exposed to friendly fraud, it completely removes the leverage customers have over them.

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Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by leereeves on Saturday March 02, 2019 @05:39AM (#19288629)

But accepting only Bitcoin is hardly an option even for those merchants.

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