Re:Amazon denies report of accepting Bitcoin as payment
by yarky on Monday July 26, 2021 @09:50PM
(#27967705)
> It makes 0 sense since there's too much volatility plus it's open to manipulation by outsiders.
It makes 0 sense only if you assume that they will hodl the coins, which makes no sense if you're using it exclusively to settle a transaction.
You don't need to be expose to the crypto volatility to accept it as a payment method, in fact I don't see any risk involved as long as you find a way to immediately convert your crypto to the fiat currency of your choice.
Re:Amazon denies report of accepting Bitcoin as payment
by teawrecks on Monday July 26, 2021 @10:38PM
(#27968015)
It's also not like it's part of btc's design to be volatile. Maybe one day the USD will be too volatile compared to a crypto that a significant number of people adopt. Never say never.
It makes 0 sense only if you assume that they will hodl the coins, which makes no sense if you're using it exclusively to settle a transaction.
You don't need to be expose to the crypto volatility to accept it as a payment method, in fact I don't see any risk involved as long as you find a way to immediately convert your crypto to the fiat currency of your choice.