Why would you accept a 10% discount to be paid in BTC? Wouldn't it be better for you to just accept USD and then buy the BTC yourself, paying regular crypto transaction costs instead?

You've discovered why Bitcoin fails at being a currency.

@Grade'Eh'Bacon I've seen a number of crypto enthusiasts offer discounts as a way of "doing their part" to encourage crypto use.

@glibdud Right; I'm aware of the practice, just trying to point out that this isn't how business is typically done [even 'cash payment discount' is either 2% / less to avoid cc fees or 10% implying some form of tax avoidance attempt].

Wait until a major credit card company accepts bitcoin, and let them do the currency conversion (and take their own commission) at the market rate. This works fine for every other currency worldwide, so if bitcoin wants to be classed as a "currency" it had better not be an exception.

@chepner all other currencies except your home one fail the same test. The rate may change even for currencies backed by large and powerful economies like EUR and USD. Then again, whatever your home currency is, most of the world uses something else.

p.s. some national currencies are more volatile than BTC. My home currency used to be, not so long ago. And it sucks big time.

@fraxinus But your home currency is at least good in your country (though inflation may be an issue). Bitcoin doesn't have a "home" market, and is unlikely to establish one if it has no stable exchange rate with any other established currency.

@Grade'Eh'Bacon we don't know where OP lives, USD may not be the default option (or an option at all) and there's at least a few currencies I'd pass up in favor of bitcoin even if at a discount. Maybe I don't trust the government backing the currency, maybe the currency is in hyperinflation, maybe the currency is not widely accepted by the people I'd want to deal with or the payment services I want to use...

@Grade'Eh'Bacon If my country's currency was the Venezuelan bolivar, I'd gladly take BTC with a 10% discount.

@fraxinus The exchange rate for conventional currencies may change, but the difference there is rarely more than a few percent over a few days or weeks for stable currencies. Given the recent volatility of Bitcoin, you might reasonably expect the rate to change within a few days to a value that's anywhere between 10% and 1000% of the current value.

Crypto is good at storing value, it's not so good at being transactional. Like gold. It stores value, but is not convenient for using as payment.

@chepner or hedge, like all multinationals have done for hundreds of years. bitcoin is revealing this existing reality to the general public pushing the desire for it all to be more accessible.

@Issel a volatile asset is a terrible "value store", because it can lose value anytime.

(not to mention that what is being stored is not actually value, unless other people are using it as a currency, which they are not. Real value is things like tomatoes and bicycles, not money.)