Thanks for you answer. I was hoping you would say something like this. I would really like to see bitcoin thrive, and if there are tangible savings at the merchant-level, then that may just be part of the answer. Two follow ups, if you don’t mind:
First, do those savings scale up? Is Walmart going to see an advantage similar to a small store?
Second, are there any advantages to employers paying wages in bitcoin? Better yet, are any companies already paying wages in bitcoin?
Well, I'm an engineer not someone involved in corporate finance, so I feel out of my depth tackling that one. I am confident there would be savings at both ends of the scale, but where the greatest advantage would lay, I can't say.
Second, are there any advantages to employers paying wages in bitcoin? Better yet, are any companies already paying wages in bitcoin?
There is a 3rd party payment processor that was announced some months ago. I remember because they were going to make their service free for a while. It let employees choose to have some portion of their paycheck be converted to bitcoin automatically. Wish I could remember their name.... Bitwage! That's it. Bitwage.com
Besides them, I know there are various small outfits paying employees here and there in bitcoin. Of course mostly these are bitcoin-focused companies themselves. And there are a few people who are living entirely on bitcoin, though that clearly takes some effort and creativity at this point.
Apart from using Purse and a few other opportunities, I'm still more of a saver than a spender with bitcoin myself. I expect that's how it is for most people within the bitcoin ecosystem. Which goes to your point about bitcoin hoarding vs. spending.