• Flying SquidM
      link
      fedilink
      11 year ago

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

      • @schmidtster@lemmy.world
        link
        fedilink
        0
        edit-2
        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
          link
          fedilink
          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
            link
            fedilink
            0
            edit-2
            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.

            • Flying SquidM
              link
              fedilink
              11 year ago

              Wait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?