3 ms·

But why would an accounting company accept fake internet bubble money that obviously has no value? /s

fatjokes 9y ago
I know you added a /s, but real answers could include: 1) they want to ride the bubble, and 2) they want to sell services to people who use the fake internet bubble money.
- Frogolocalypse 9y ago
  The beer that i buy using my bitcoin debit card doesn't taste fake.
  - thebigspacefuck 9y ago
    Just curious, have you drank more in beer than you've bought in Bitcoin?
    - Frogolocalypse 9y ago
      Not yet!
TazeTSchnitzel 9y ago
Because, if they can quickly convert it to real money, they're hopefully safe.
- sf_rob 9y ago
  Their announcement lacks details, but it's probable they are using an existing Bitcoin checkout service and never have to touch BTC themselves.
  - kaching 9y ago
    Thumb up, just like the top drug dealers don't abuse drug themselves
- topranks 9y ago
  Typically retailers who accept Bitcoin do just that. PWC don't charge "cup of coffee" money for anything so I guess accepting bitcoin could work for them, despite the high transaction fees.
  - Frogolocalypse 9y ago
    Bitcoin fees are pennies. I paid 25c for a txn yesterday, and that's just because i didn't want to wait a week for the chain commit, which normally i couldn't care less about. The value of bitcoin is already greater compared to the amount i transferred + the txn fee.
jacquesm 9y ago
An accounting company (Arthur Andersen) created $100B revenues out of thin air, internet bubble money sounds like a very useful ingredient for high level 'creative accounting'.
aplummer 9y ago
It’s a marketing play. Appear innovative and differentiate commoditised accounting services. Sell advisory services to governments and big business on crypto. Good idea really.
Rapzid 9y ago
Scarcity and demand drives worth. As well, interestingly, scarcity itself can drive demand for certain goods...
FLUX-YOU 9y ago
Clearly running BTC services are just a training ground for PwC infosec teams to better learn to secure stuff. Protecting consumer/business data is just so damn boring because nothing happens if you get it wrong. /s

I know you added a /s, but real answers could include: 1) they want to ride the bubble, and 2) they want to sell services to people who use the fake internet bubble money.

Frogolocalypse 9y ago
The beer that i buy using my bitcoin debit card doesn't taste fake.
- thebigspacefuck 9y ago
  Just curious, have you drank more in beer than you've bought in Bitcoin?
  - Frogolocalypse 9y ago
    Not yet!

TazeTSchnitzel 9y ago

Because, if they can quickly convert it to real money, they're hopefully safe.

sf_rob 9y ago
Their announcement lacks details, but it's probable they are using an existing Bitcoin checkout service and never have to touch BTC themselves.
- kaching 9y ago
  Thumb up, just like the top drug dealers don't abuse drug themselves
topranks 9y ago
Typically retailers who accept Bitcoin do just that. PWC don't charge "cup of coffee" money for anything so I guess accepting bitcoin could work for them, despite the high transaction fees.
- Frogolocalypse 9y ago
  Bitcoin fees are pennies. I paid 25c for a txn yesterday, and that's just because i didn't want to wait a week for the chain commit, which normally i couldn't care less about. The value of bitcoin is already greater compared to the amount i transferred + the txn fee.

jacquesm 9y ago

An accounting company (Arthur Andersen) created $100B revenues out of thin air, internet bubble money sounds like a very useful ingredient for high level 'creative accounting'.

aplummer 9y ago

It’s a marketing play. Appear innovative and differentiate commoditised accounting services. Sell advisory services to governments and big business on crypto. Good idea really.

Rapzid 9y ago

Scarcity and demand drives worth. As well, interestingly, scarcity itself can drive demand for certain goods...

FLUX-YOU 9y ago

Clearly running BTC services are just a training ground for PwC infosec teams to better learn to secure stuff. Protecting consumer/business data is just so damn boring because nothing happens if you get it wrong. /s