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Sure they do, look at Coinbase. You can (for example) buy Reddit Gold for $3.99 USD, or the equivalent in Bitcoin, which changes based on some USD-based exchan
by acabal 14y ago
Sure they do, look at Coinbase. You can (for example) buy Reddit Gold for $3.99 USD, or the equivalent in Bitcoin, which changes based on some USD-based exchange rate they figure out. Or look at Namecheap, which can refill your account in Bitcoin--but you enter a USD amount before they tell you how much the Bitcoin cost will be. Maybe they don't look at MtGox every day but most merchants without a doubt peg their Bitcoin amounts to some USD exchange rate.
- tptacek 14y agoThe exchange rate on services like Bitpay are a smoothed-out version of the current spot price. Nobody will fix a USD/BTC rate for even a day. In dollar-denominated terms, the price of items for sale in BTC floats throughout the day. I think we're just using the word in two different ways.