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All systems that require adoption are, initially, impractical. Bitcoin is becoming more and more practical as more and more merchants adopt it. Again: 100,000

• sanswork 12y ago
  Do you know where that 100k number comes from? I see it said a lot but the only source listed is an ibtimes story saying "an industry source says 100k". Has anyone figured out how it was calculated?
  • vanzard 12y ago
    BitPay alone has 50k merchants: http://blog.bitpay.com/2015/03/10/heartland-payment-systems-collaborates-with-bitpay.html http://blog.bitpay.com/2015/03/10/heartland-payment-systems-... Coinbase has 38k: https://www.coinbase.com/about https://www.coinbase.com/about Gocoin has 5.5k: https://ihb.io/2015-01-29/news/gocoin-announces-5500-merchant-milestone-16037 https://ihb.io/2015-01-29/news/gocoin-announces-5500-merchan... That's already 93.5k from merely 3 american bitcoin gateways. Add the rest of the world (China, etc) and it is clear there are 100k or more.
    • sanswork 12y ago
      Thanks for the sources. I'd be curious to see what the active merchants per month actually are for Bitpay and Coinbase. Until then I have a hard time believing they actually have those numbers live given the number of stories I've seen of people visiting stores/restaurants that accept bitcoin only to be told they don't do that anymore.
• vectorpush 12y ago
  > All systems that require adoption are, initially, impractical. I agree with that. It seems we agree that bitcoin is currently impractical, which is the crux of my argument. Bitcoin is not a practical way to send money unless the recipient already has a bank account and a bitcoin exchange account.