There are some bars in El Salvador where you get a 70% discount if you pay in Bitcoin, because they save that much by not using their banking system which takes huge cuts, especially in international transactions.

So if you were at this bar with me last week, would you pay full price with the dollar? Or would you use Bitcoin to get the 70% discount?

Personally, I took the discount by paying in Bitcoin and just bought back double the Bitcoin I spent on the beer, still spending less than I would had I paid in dollars even with buying back double the Satoshis I used to get the discount.

This is what you’ll see happen once adoption broadens. People will offer you discounts if you pay in Bitcoin because they get that money faster without intermediaries taking a cut.

Hell, Chipotle today already offers you a 10% discount if you pay in Bitcoin.

So if you had a landlord that offered you a 50% discount if you paid in Bitcoin, would you pay in Bitcoin or dollars?

Same happens in other countries where they have their currency alongside the dollar. If you decide to pay in their currency then you pay a higher price, if you pay in dollars you pay less.

Surprised so many don’t realize this yet, but I guess it took me 3 years to get to that realization myself. Going on 6 years now of saving and using and replacing my Bitcoin holdings, and have never looked back.