News for hackers. Stuff that matters.

A comment on Kik, once valued at $1B, is to be closed. Parent comment

Re:Kik, once valued at $1B, is to be closed by asjw on Thursday September 26, 2019 @09:48AM (#21080841)
Nope.

You're paying not in bitcoin, but in the value of those bitcoins converted to a legal currency.

Otherwise those businesses are just avoiding taxes, it would be better to pay in gold, at least it has a stable price.

[ Parent | on HN ]
Re:Kik, once valued at $1B, is to be closed by coralreef on Thursday September 26, 2019 @12:15PM (#21082445)
The commodity being exchanged is the Bitcoin and the goods/services. If the business wants to hold the Bitcoin forever, they can. If they want to sell for USD, they can.

Paying in Bitcoin is the same way you just described as "paying in gold".

[ Parent | on HN ]