S100: Purchasing with Bitcoin
ROUNDTABLE TALK | MONEY SERIES | 30-NOVEMBER-2024
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ROUNDTABLE TALK (EP 15)
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NEWS
Gary Gensler,
Purchasing with Bitcoin
Imagine walking into a store, your favorite item catches your eye, and instead of swiping a card or handing over cash, you scan a QR code with your phone and pay directly with Bitcoin. No middlemen, no delays, and no extra fees.
This isn’t the future—it’s happening now. But with every new innovation comes a story of risk, reward, and revolution. Tonight, we’ll explore how Bitcoin is rewriting the rules of commerce. Is this freedom? A risk worth taking? Or just another way technology is challenging tradition?
You and I’ll dive into the untold stories, challenges, and triumphs of buying with Bitcoin. Whether you're a crypto enthusiast or someone curious about the buzz, this is your space to ask questions, share thoughts, and spark conversations. Let's begin.”
Questions of the week
What will convince you start using BTC for payment
Remember the rules
Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.
Today's series is sponsored by SIRFITECH,
Some key points to discuss today are
Difference between bitcoin payment and traditional payment system
Challenges of purchasing with bitcoin?
Future of bitcoin payment and the benefit for you?
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Shall we begin?
Session 1 - 10Mins
The difference between bitcoin payment and traditional payment system
Would you trust Bitcoin to pay for your groceries today? Why or why not
Highlight some real-world examples of businesses accepting Bitcoin (e.g., Tesla's attempt, Starbucks partnerships, or El Salvador's rollout).
Question to the audience: “Would you trust Bitcoin to pay for your groceries today? Why or why not?”
Session 2 - 10 Mins
Challenges of Purchasing with BTC?
What are practical obstacles to btc payment
Poll: “What do you think is the biggest barrier to Bitcoin as a mainstream payment method? 1. Volatility 2. Adoption 3. Fees 4. Lack of trust.”
Personal story: Share a real or anecdotal experience of someone trying to use BTC for a purchase
Interlude - 5 Mins
Read comments and poll update,
ask few speakers questions about the question of the day
Session 3 - 10 Mins
Future of Bitcoin Payments
Discuss Lightning Network and other solutions to scalability and speed.
Encourage the audience to imagine what daily BTC purchases could look like in 2030.
Question: “If your favourite store accepted BTC, would you switch completely or stick with cash/cards?”
Comrade of the week
Jottings
Conclusion
If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08
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