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What happens to Ohio's treasury if BTC's value halves and stays in a bear market for two years? Or worse, never recovers?
by mancerayder 8y ago
What happens to Ohio's treasury if BTC's value halves and stays in a bear market for two years? Or worse, never recovers?
- dgobaud 8y agoOhio is not receiving Bitcoin. They are locking in the USD value at time of payment and get that.
- freedomben 8y agoPlease read the article. They won't be holding BTC. They are using BitPay (which exchanges it immediately for USD).
- dragonwriter 8y ago> What happens to Ohio's treasury if BTC's value halves and stays in a bear market for two years Nothing, because like most other traditional economy outlets “accepting” Bitcoin, they are just contracting with a processor that actually accepts the Bitcoin and pays the State in dollars.
- deleted 8y ago[deleted]
- nabla9 8y agoBitcoin is used just as a payment system. The state receives USD from anyone who handles the payment.