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That only works if someone else is buying the bitcoin at the current exchange rate. Coinbase gets its dollars from someone to give to the merchant.
by ISL 11y ago
That only works if someone else is buying the bitcoin at the current exchange rate. Coinbase gets its dollars from someone to give to the merchant.
- loceng 11y agoRight, however I'm sure they can float a fair amount, holding onto Bitcoin until it's at a certain value again. So long as the scheme keeps growing..