• 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.

          • Flying SquidM
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            11 year ago

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

                • @schmidtster@lemmy.world
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                  1 year ago

                  That is one of many storefronts that accept crypto yes.

                  I’m trying to figure the point of your fallacious argument out, help?

                  • Flying SquidM
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                    01 year ago

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

                    Your words. If Starbucks didn’t provide the service, they wouldn’t be around anymore according to you.