Went to Steak 'n Shake yesterday and paid with Lightning.
Went pretty seamless: the cashier brought out a separate tablet with a QR code on it. I scanned it and send, it confirmed instantly and we were done.
They said that I was one of the fastest to pay (I've done this may times before), and everyone else who tried it fumbled around for a few minutes before getting it right.
I used @PhoenixWallet, the best semi-noncustodial Lightning wallet and it worked fine.
This felt a lot like paying with crypto at small merchants over the past decade, only this was a major chain, though few locations are set up to take it yet.
Ran into other Bitcoiners who also paid there, they mostly used Wallet of Satoshi (fully-custodial) or Phoenix.
This feels like where we could have been in 2016 if Bitcoin had scaled on-chain. But still, adoption is adoption.
Go try it out! Way better than fiat.
damn that’s amazing!
It's a start. Now I'm working letting the DashPay wallet pay Lightning invoices, would be nice if we get that.
100%
this is where we could have been if the US government didn’t decide a currency has capital gains.
That is the real reason adoption stalled for a decade.
Yes though to be clear, this is in the US now.
Yes. But the cause of the delay in adoption had to do with regulation not block wars.
Plus lightning is not the answer.
To move forward we have to make sure we don’t try and rewrite the past by telling from our viewpoint.
I did a panel a few weeks back on it, with NH as a specific case study:
Mostly agree, but the block size wars had a huge impact. I personally have witnessed the adoption movement grow and then fizzle out after the wars. Regulations were the same, or better, than today.
true but that is insider baseball to the normies it stopped being a currency the minute cap gains taxes were applied.
Again I can't agree with that because I saw people adopting and using it during this time. What changed is that all the energy got sucked out of the room with the block size wars.
Correlation isn't pure causation but it does leave clues.
you are speaking from a bubble viewpoint.
I am speaking from what the world and economy did.
This is one big issue with the industry.
Can’t see the forest for the trees.
100%!
still can’t pay with crypto in Japan, at least not without Kyc. The best you can do is use it to buy gift cards 😑
Although, I am helping @tentententen build her business and we accept crypto for her yarn products. Hope to open the first physical location to accept HBD in Japan in the next year.
Really, so they don't let you pay without KYC at the merchant? Even though cash isn't KYC?
merchants don’t accept crypto at all really. There are a few that do it as a gimmick (mostly electronic stores) , you might find no one in the shop knows the procedure because they need to use a specific KYC wallet.
In Japan crypto is generally just seen as a speculative asset, and as that it’s very popular, but that’s it really 🥺
Interesting, so the merchant needs a KYC wallet? But not the customer?
I believe both need one. I’m not sure. Honestly I don’t try because I don’t want the attention it will bring, I already stand out enough here. Also I don’t buy much at these department stores, I stick to local shops wherever I can