@sjbuendia
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Mythbusting: You cannot buy anything with Bitcoin
If we are going to examine the case of Bitcoin, it was never really adopted for general payment, most use it as an investment. The Bitcoin supporters would always have to argue that Bitcoin's purpose is not digital cash but a store of value. So if you have ever bought or mined Bitcoin, it is quite unlikely that you would actually use it to buy things. Bitcoin (BTC) have already abandoned Satoshi Nakamoto's Original Vision - A P2P Electronic Cash System. It is no longer suitable as cash method of payment. Aside from that, the Bitcoin Core developers implemented a new software known as Replace By Fee (RBF) that undoubtedly killed BTC's use case as cash because RBF made it easy for people using Bitcoin to double-spend on Bitcoin network. https://www.google.com/url?sa=t&source=web&rct=j&url=https://bitcoin.org/bitcoin.pdf&ved=2ahUKEwi3v-jC6r3uAhWqyIsBHYH9CgwQFjAAegQIARAB&usg=AOvVaw05-4mYD7EyyKjwcHh8i0Vw https://www.buybitcoinworldwide.com/rbf/ Therefore, merchants accepting BTC payments are on a higher risk because an attacker at will could easily double-spend. But this doesn't mean that no merchants would want to accept Bitcoin. Debunking the Myth "~~You cannot buy anything with Bitcoin~~" Bitcoin may have become more about store of value and long-term investing but it has still become used as payment method to purchase goods online. In fact, you can use your Bitcoin to pay for goods and services in the retailers below.
Source https://www.coindesk.com/state-of-bitcoin-q3-2014-report-maturing-ecosystem-price-pressure/ You can also pay Microsoft with Bitcoin to purchase digital contents like videos and Xbox games.
Source https://www.coindesk.com/microsoft-adds-bitcoin-payments-xbox-games-mobile-content Travala.com - the world's leading blockchain-based travel booking platform also accepts Bitcoin payments. Travelers can book flights and hotels with their crypto like Bitcoin, Bitcoin Cash, AVA, Litecoin and etc. https://www.travala.com/
Source https://mobile.twitter.com/travalacom/status/1350050138895523845 We may also add up small businesses that accept BTC payments on either brick and mortar or online business. You can also watch, https://youtu.be/2Hkzm3TKeRg And a woman paying in Bitcoin, https://youtu.be/qbNG66nQdqA **simpleledger:qpaq3fmyr02pwuaxwdkv6jqhdea08mvqnqdy3h6gl7** Lead image source https://pixabay.com/photos/cryptocurrency-financial-concept-3409655/
10 comments
https://explorer.bitcoin.com/bch/tx/4c0094672a106d21daf58af92892e40f40c4dfdf7cd9996727091b2c4da12375 Hey! Congrats you got some Mythhunter tokens. Welcome to the contest
So I guess if we will use btc as a payment we will spend higher fees than the original price of the product. ___ By the way, may nabasa po ako dati yung about sa store mo na may BCH? May article ka po ba nun? Di ko kasi makita sa timeline mo po baka po pwede pahingi link babasahin ko lang po😅
> So I guess if we will use btc as a payment we will spend higher fees than the original price of the product. Yes. Some companies offer discounts if you pay with cryptocurrencies, cryptocurrency-paying customers especially BTC can atleast save from high fees with discounts. But you don't need to do that when you're using Bitcoin Cash > By the way, may nabasa po ako dati yung about sa store mo na may BCH? May article ka po ba nun? Cge hanapin ko muna :)
>Yes. Some companies offer discounts if you pay with cryptocurrencies, cryptocurrency-paying customers especially BTC can atleast save from high fees with discounts. But you don't need to do that when you're using Bitcoin Cash Yep and I think it is better to use BCH instead of BTC so you don't need to offer a discount since BCH has a lower fees.
https://read.cash/@sjbuendia/iloilo-online-bitcoin-cash-meetup-63a02aed and https://read.cash/@sjbuendia/bitcoincash-iloilo-carrying-satoshis-vision-and-passing-them-to-merchants-9f91e74c
Salamat po!
Yeah, high fees and bottleneck we can expect of doing transactions with BTC, that's why BCH is better solution for transactions. Great article.
True 💚
It would have been nice if we have saved that woman. She could have been paying Bitcoin Cash.
If we only have