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Coinbase and BitPay signing up new retailers doesn't provide me additional belief that bitcoin is viable. The retailer doesn't believe in bitcoin. They get cash
by pistle 12y ago
Coinbase and BitPay signing up new retailers doesn't provide me additional belief that bitcoin is viable. The retailer doesn't believe in bitcoin. They get cash out ASAP.
For a retailer, if they think they can move units by partnering with someone who will convert BC to cash, sure whatever. It's like adding PayPal.
You don't see the 10,000,000 new consumers bought bitcoins!!! Who knew cryptocurrency could burn holes in pockets!??!?! articles because that's not happening.
The real problem was never "people don't have a place to spend bitcoin." It was "people don't have time or risk tolerance to manage bitcoin."
- jafaku 12y agoEvery time Bitcoin makes a first step, haters will ask "but where is the second step?". By the way, Overstock is now holding bitcoins (about 3% of their Bitcoin sales). I wouldn't be surprised if Newegg did the same after some time.