So, we could use this for #[2] merchants to sell 'excess' BTC for fiat using a reputation based system, putting a BTC exchange on every street corner?

Replies (2)

There's no such thing as "excess" BTC. Those merchants better start convincing their suppliers to accept BTC and/or pay their employees in BTC. This is how you start Bitcoin circular economy, not by selling back your BTC for fiat. Let's finish once and for all with fiat.