I am not shaming Square. Square did a great move from their company's POV. Nothing against that. Yes, it helps a lot for more bitcoin adoption.
My question was about the merchants in particular and also about their users. All these years merchants and bitcoiners never made any move to help those merchants to accept BTC? You can't say that we do not have plenty of solutions for them.
Why they need to wait for Square to add BTC?
I think this is more of lack of push of education from bitcoiners side, because let's be honest, most of US bitcoiners prefer ETFs and VISA cards loaded with sats than go to merchants and push them to use BTC.
I would like to see now all those bitcoiners that until now were using VISA cards, how they spend sats on these Square merchants that decide to keep the sats.
Replies (3)
Regulation around the world is making private crypto transactions illegal. For transparent crypto transactions they have super low fiat limits without KYC.
Soon you will only be able to use crypto on the black market.
Monero people are preparing for that scenario, while Bitcoin LARPERs still celebrate ETFs and KYC adoption.
We thought it was the tech, so we tried to teach them.
Then we made the tech easier & tried to show them.
And it got easier, so much easier.
Seems what they really didn't want was getting stuck with magic internet money. You can't force people to understand & value something.
Perhaps make it even easier & more convenient then allow them to convert it to slave tokens.
People want to focus on their business & are tied up with a whole bunch of fiat bullshit. Less fees with minimal additional effort or complexity? - yeah merchants are interested in that.
This is good for everyone except Visa.
Americans won’t start spending until IRS changes its rules. Most people wanna stay tax-compliant.
