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> Does anyone have any idea why this is? I wonder about the accounting and tax ramifications of transactions done in Bitcoin.

• pmorici 11y ago
  There really aren't any outside of the normal. A company like Microsoft isn't holding the bitcoin they are immediately exchanging it so it is no different than taking USD since they don't make any gain or loss on the BTC.
  • dheera 11y ago
    In which case there's really no point to them using bitcoin. If they're converting it to USD immediately, they derive no benefit by using a decentralized currency.
    • pmorici 11y ago
      Sure they do. There is no charge back or fraud risk for the merchant with Bitcoin. It lets you service customers that might otherwise be too risky because they happen to fit a profile that correlates to high fraud risk.