@ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world • 2 years agoGonna be a great day!lemmy.worldimagemessage-square125arrow-up1617
arrow-up1616imageGonna be a great day!lemmy.world@ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world • 2 years agomessage-square125
minus-square@schmidtster@lemmy.worldlinkfedilink11•2 years agoDo you not have stores that let you pay with bitcoin and other crypto? It’s a thing in Canada atleast.
minus-square@Ibaudia@lemmy.worldlinkfedilinkEnglish5•2 years agoThere are but virtually no one uses them, and I’m sure if they did they would take it away the due to the aforementioned issues. It’s just kind of a mess. It’s not not a good vehicle for commerce and it never has been.
minus-square@Ibaudia@lemmy.worldlinkfedilinkEnglish4•2 years agoIt works as a marketing strategy to virtue signal to tech fetishists, but nearly no one actually uses these services.
minus-square@schmidtster@lemmy.worldlinkfedilink5•edit-22 years agoCan I see your statistics on Crypto POS that you used to come to those conclusions? Starbucks accepts crypto just so you are aware, it’s far more common than you are leading people to believe.
minus-square@Ibaudia@lemmy.worldlinkfedilinkEnglish3•edit-22 years agoThen please provide evidence that these services are actually being used if you are so confused convinced that is the case.
minus-squareFlying SquidMlinkfedilink3•2 years agoConsidering the volatility of Bitcoin, those store owners are nuts.
minus-square@schmidtster@lemmy.worldlinkfedilink1•edit-22 years agoWhy it coverts to cash at the POS machine and they are paid in cash?
minus-squareFlying SquidMlinkfedilink2•2 years agoAgain, volatility. When the price isn’t stable, you could lose massively.
minus-square@schmidtster@lemmy.worldlinkfedilink1•edit-22 years agoIt doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee… I’m sorry you can’t comprehend how this system works and is viable in lots of places.
minus-squareFlying SquidMlinkfedilink2•2 years agoIf 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
minus-square@schmidtster@lemmy.worldlinkfedilink1•edit-22 years agoHuh…. just like any other currency/foreign currency already… It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore. They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do… It’s a viable business sorry mate, bark up a different tree.
minus-squareFlying SquidMlinkfedilink2•2 years agoWait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?
minus-square@schmidtster@lemmy.worldlinkfedilink1•2 years agoNope and what does that have to do with anything we’ve discussed….?
Do you not have stores that let you pay with bitcoin and other crypto? It’s a thing in Canada atleast.
There are but virtually no one uses them, and I’m sure if they did they would take it away the due to the aforementioned issues. It’s just kind of a mess. It’s not not a good vehicle for commerce and it never has been.
Weird that it works in other places…
It works as a marketing strategy to virtue signal to tech fetishists, but nearly no one actually uses these services.
Can I see your statistics on Crypto POS that you used to come to those conclusions?
Starbucks accepts crypto just so you are aware, it’s far more common than you are leading people to believe.
Then please provide evidence that these services are actually being used if you are so
confusedconvinced that is the case.Considering the volatility of Bitcoin, those store owners are nuts.
Why it coverts to cash at the POS machine and they are paid in cash?
Again, volatility. When the price isn’t stable, you could lose massively.
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
I’m sorry you can’t comprehend how this system works and is viable in lots of places.
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
Huh…. just like any other currency/foreign currency already…
It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore.
They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do…
It’s a viable business sorry mate, bark up a different tree.
Wait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?
Nope and what does that have to do with anything we’ve discussed….?
There’s some in the US too.