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If all the exchanges lock users out, you can “transact” with BTC But can you convert it into US dollars? Where does one spend BTC these days, buy some furnitur
by nytesky 4y ago
If all the exchanges lock users out, you can “transact” with BTC But can you convert it into US dollars? Where does one spend BTC these days, buy some furniture off overstock?
- tatertots1234 4y agothere will always be some method of exchange. one exchange goes down, another will take its place.
- swamp40 4y agoWhere does one spend gold these days?
- giaour 4y agoPawn shop? Or maybe at a supervillain's lair, where sellers are known to accept briefcases full of gold. Usually you need to convert your gold to a legal tender currency in order to be able to spend it. You normally lose money on the conversion at a retail volume, though.