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A comment on A Prediction: Bitcoin Is Doomed to Fail. Parent comment

Re:A Prediction: Bitcoin Is Doomed to Fail by dwaltrip on Wednesday November 27, 2013 @09:41PM (#6812720)
Payment processors such as bitpay offer same-day bitcoin-to-fiat conversion and bank deposit with extremely low fees (0.1% - 1%), and are becoming the defacto standard. This is expected during the bootstrapping phase. Later, if bitcoin firmly establishes itself, merchants could choose to not convert directly to fiat.
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Re:A Prediction: Bitcoin Is Doomed to Fail by djur on Thursday November 28, 2013 @01:01AM (#6813264)
Merchants would still need to convert to legal tender for payroll, rent, and taxes. Their income and expenses would still be more efficiently denominated in dollars (or the local equivalent). What is the expected draw for businesses to keep their operating funds in BTC as opposed to USD?
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Re:A Prediction: Bitcoin Is Doomed to Fail by dwaltrip on Thursday November 28, 2013 @02:18AM (#6813446)
Did you read my post? Bitpay converts bitcoin to the fiat currency of your choice. It is hassle free and much cheaper than credit cards.
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