a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
mk  ·  3914 days ago  ·  link  ·    ·  parent  ·  post: Will bitcoin eat itself?

I can see the suppliers accepting it as it could reduce transaction fees. However, they might do the same and quick swap for fiat. Currently only BTC customers and speculators are contributing to BTC's store of value. If merchants or suppliers had any incentive to hold it for a while, that could become a significant contribution and really get the ball rolling. Perhaps if suppliers liked BTC transactions, merchants might be willing to hold it for days at a time, particularly if its still attractive with swap premiums priced in to limit exposure.