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I think this is probably correct, actually. That and the mass adoption of cheap, handheld, and powerful computers with easy user interfaces and lots of short
by drvdevd 10y ago
I think this is probably correct, actually.
That and the mass adoption of cheap, handheld, and powerful computers with easy user interfaces and lots of short range wireless peripherals...
Imagine being able to pay your bar/coffee/restaurant/hotel tab with NFC or something, exchanging whatever virtual currency units, as an expected social norm.
- icebraining 10y agoI can already do that with my contactless debit card. That's not an advantage of Bitcoin.
- drvdevd 10y agoThe point isn't the just the payment mechanism but the network it connects back to plus the payment mechanism. [edit] to clarify: if vendors actually accepted (something like) bitcoin at restaurants or wherever, this would cut out the banking middle man entirely. Also we already collectively have the tech to do this now.
- mywittyname 10y agoThese vendors still need to access fiat currencies to pay wages, rents, taxes, suppliers, etc. Until workers, landlords, governments, and suppliers begin accepting BTC, there's no incentive for vendors to take on the risks of accepting BTC.