3 ms·
Why is that? The risks of holding bitcoin would be avoided.
by prklmn 9y ago
Why is that? The risks of holding bitcoin would be avoided.
- Dylan16807 9y agoBut all the security risks and complications are still borne by someone, presumably the company doing the transaction. Both users need to trust that company, so they don't gain anything by the use of bitcoin. They in fact lose money because of the extra transaction fee, and possibly more in conversion fees/inefficiencies. Oh and there's privacy loss too from putting it on the blockchain. The only 'benefit' is that there's a sticker saying "now with bitcoin!". No party involved gains anything.