| I've been running e-commerce stores for 12+ years. The main business I work for started to accept bitcoins for our physical goods in 2014ish. I did the integration. I adopted Bitcoin because I'm not a huge fan of payment processors, I'm a cryptonerd and because I wanted to provide a use case for a technology I believe in, which wasn't illegal. I've also helped chime in with devs on open Bazaar and assist them with issues people who run stores have. Over the years we've processed ~10,000 dollars worth of Bitcoin transactions. We've ran into issues where confirmations take longer than our fulfilment center are used to, so we needed to wait to ship out orders. We've run into issues where refunds get weird due to price fluctuations. I've always noticed customers buying our products when the price of Bitcoin was too high and due for a crash, but since it's run up over $2000 I've noticed barely any transactions. This is a fundamental change in how people are using it, and due to the high fees and slow confirmation times, it's no longer useful for us and it seems people would rather HODL than use. Personally I enjoy the tech, but never cared for it as a speculative asset, which now I believe it has become (but kinda always was). Have fun with your digital gold. |