Oddbean new post about login | logout The place we failed as Bitcoiners is merchant adoption. I cannot even describe how bad it is, I have all these fancy non-custodial wallets I use and I even contribute to one but I can't use them to spend anywhere because nobody wants/accepts Bitcoin.
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it is not a technology issue but a policy issue. go to El salvador to experience it..! we have hooked more than 100 merchants to accept lightning.
Merchants don't even want to think about bitcoin. Roger Ver proved this. Every merchant who "accepts bitcoin" has the "bitcoin phone" in a drawer somewhere, and maybe 1 person knows how to operate it. It is a pain in the ass, and wont cease to be until NCR terminals come out of the box speaking lightning.
Go to Vancouver! 25+ merchants and growing! @BTCMap.org
There's no point in them accepting it to just swap it for fiat though. It's also infinitely more important that the demand for Bitcoin as payment comes from those who produce, not the middle men who sell. If manufacturers (basically just China) and farmers (all over the world) demand payment in Bitcoin then that's all we need to kick off a global Bitcoin standard. Want stuff? You need to have Bitcoin. Want food? You need to have Bitcoin. Merchants will want Bitcoin because they need it to pay for the goods they are selling. Likewise, employees will demand their employer pays in Bitcoin because they need it for food etc.
We can’t significantly force a once-in-5000-years phenomenon. Necessity is the mother of adoption, and it is a function of the evolution of fiat. Things are heading in the right direction and they’re likely to accelerate in the not to far future
Did you ever onboard any merchant? If no, then the failure is on you also.