What are the factors limiting the general acceptance of bitcoin as medium of payment.
What needs to be done to mitigate these factors and open opportunities for general acceptance of bitcoin?
firstly. EVERYONE needs to realise this:
1. bitcoin is code.
2. bitcoin has no arms, legs or a voice.
3. bitcoin does not attend business meetings
now most importantly
4. if YOU want to see bitcoin accepted at YOUR local stores then YOU all have to go ask YOUR stores to look into bitcoin
think about it
5. YOU can also try mentioning the code flaws to the devs, such as lack of fee control formulae and not expanding the base block.. i do say try but they are too deep in banker pockets and just want to invent paypal2.0(LN)
LN is to bitcoin what banks are to gold. their mindset...(facepalm)
"bitcoin cant scale as medium of exchange, its too slow to transact and to heavy(tx weight) to have everyone use it"
"gold cant scale as medium of exchange, its too slow to transact and to heavy to have everyone use it"
"we need to lock bitcoins into managed multisigs and then let people play around with unaudited transactions"
"we need to lock gold into bank vaults and then let people play around with unaudited paper receipts"
