This is incorrect. The easier a currency is to exchange for other goods, services, or currencies, the better a medium of exchange it is.
If the USD wasn't easily exchanged for other currencies, it wouldn't be as valuable around the world.
Post by twetch#116
It doesn’t become easy to exchange by going door to door with bumper stickers for a retail window. It becomes easy to exchange by being better for savings than other money!
What the chain says
- Block
- 635 507
- Time
- 2020-05-18T22:20:18Z
- Signer
- 1HsARx3TiY2iYHWoyu4XF88fZq9rih32gH
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#116
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1HsARx3TiY2iYHWoyu4XF88fZq9rih32gH VerifiedReplies (5)
I'm not sure it's fair to characterize Steve's position as being about bumper stickers :)
But strategy is different from theory. It's one thing to say "grassroots adoption probably won't work." It's another thing to say that, in principle, any merchant that exchanges for fiat doesn't help the Bitcoin economy.
As a matter of either strategy or theory, would you claim that Amazon accepting BSV for payment wouldn't be "doing anything" for BSV, if they cashed out to fiat?
What is a strategy that you might suggest to tempt merchants to accept bitcoin for payments?
I went to read an article on theblockcrypto.com about an hour ago & ended up closing the page because I didn't want to pay a $25 monthly subscription. If I could have made a $.25 - $.50 payment to access that article alone, I would have.