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To be entirely clear, a company I work with accepts Bitcoin, then ships physical products.
by BrianHenryIE 5y ago
To be entirely clear, a company I work with accepts Bitcoin, then ships physical products.
- bb88 5y agoSo if you were paid in BTC, would you keep it in BTC or move much of it back to cash in case BTC plummets? If it's an investment, no more than 30% of your net worth should be wrapped up in one investment. If it's a currency and you're happy if the price takes a plunge. It seems to me, as long as the price fluctuates, I would prefer cash because I would be able to buy BTC during the dips.
- Freskis 5y agoIs it possible you are not being accurate? That the company is actually receiving cash which has been converted from Bitcoin by a service? Accepting raw Bitcoin would lead to huge problems such as transaction time and price volatility. Either way, accepting bitcoin is horrifically bad for the environment, and one of the most ecologically destructive things tech companies do. It is not something I would be proud of.
- BrianHenryIE 5y agoYes, straight up Bitcoin accepted. A single digit percentage of revenue. But I don't think that changes the point much, that it is used for commerce. And yes, the realisation that it's bad is a brewing thought. I've never invested any of my own money in Bitcoin (€200 in Ethereum) so I excuse (to myself) my involvement because it's passive. https://wordpress.org/plugins/triplea-cryptocurrency-payment-gateway-for-woocommerce/ https://wordpress.org/plugins/triplea-cryptocurrency-payment...