• Flying SquidM
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        11 year ago

        Again, volatility. When the price isn’t stable, you could lose massively.

        • @schmidtster@lemmy.world
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          1 year 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…

          I’m sorry you can’t comprehend how this system works and is viable in lots of places.

          • Flying SquidM
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            11 year 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.

            • @schmidtster@lemmy.world
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              1 year ago

              Huh…. just like any other currency/foreign currency already…

              It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore.

              They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do…

              It’s a viable business sorry mate, bark up a different tree.