Comment on Gonna be a great day!
FlyingSquid@lemmy.world 11 months agoConsidering the volatility of Bitcoin, those store owners are nuts.
Comment on Gonna be a great day!
FlyingSquid@lemmy.world 11 months agoConsidering the volatility of Bitcoin, those store owners are nuts.
schmidtster@lemmy.world 11 months ago
Shy it coverts to cash and they are paid in cash?
FlyingSquid@lemmy.world 11 months ago
Again, volatility. When the price isn’t stable, you could lose massively.
schmidtster@lemmy.world 11 months ago
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
FlyingSquid@lemmy.world 11 months ago
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.