The Need & the Folly of Bitcoin as Payment Method

Marcell Nimfuehr
Nov 19, 2018 · 6 min read
Image for post
Image for post
Only Cash Makes Happy. Or Does It? Photo: Jonathan Saavedra (Unsplash)

Will Bitcoin prevail as a means of payment and in which areas? Let’s first look at what Bitcoin sets out to replace: Credit cards.

Image for post
Image for post
Payment procedure for online purchases with a credit card. Photo: Fabio Bracht (Unsplash). Illustration: Author

Risk is not a game

Image for post
Image for post
This Risk is a Game. Source: Wikimedia. CC-by-sa

Industry Risk Profiles

Some who are prohibited should be allowed

Image for post
Image for post
A legal product, online pharmacy, dated 1887. Source Wikim.

Bitcoin to allow those who otherwise can’t

Where light, there shadow

Paragon for the cannabis industry

Image for post
Image for post
Rapper The Game and Paragon CEO — Your trusted business team. Ad screenshot.

HackerNoon.com

#BlackLivesMatter

Sign up for Get Better Tech Emails via HackerNoon.com

By HackerNoon.com

how hackers start their afternoons. the real shit is on hackernoon.com. Take a look

By signing up, you will create a Medium account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Check your inbox
Medium sent you an email at to complete your subscription.

Marcell Nimfuehr

Written by

Writer, tech startup founder, MBA candidate. Communication strategist. Software Dev (worst coder ever)

HackerNoon.com

Elijah McClain, George Floyd, Eric Garner, Breonna Taylor, Ahmaud Arbery, Michael Brown, Oscar Grant, Atatiana Jefferson, Tamir Rice, Bettie Jones, Botham Jean

Marcell Nimfuehr

Written by

Writer, tech startup founder, MBA candidate. Communication strategist. Software Dev (worst coder ever)

HackerNoon.com

Elijah McClain, George Floyd, Eric Garner, Breonna Taylor, Ahmaud Arbery, Michael Brown, Oscar Grant, Atatiana Jefferson, Tamir Rice, Bettie Jones, Botham Jean

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store