5 ms·

Why would you care about in which currency you are paid?

• dllthomas 13y ago
  Cost of conversion would be a potential reason.
  • creativeone 13y ago
    Right, if there are supposedly buyers from abroad who want to buy, we can save money in currency conversions and transfers across borders.
    • dllthomas 13y ago
      Doesn't even have to be "from abroad" - if a buyer has a stack of bitcoins and I want a stack of bitcoins, going through an exchange is going to be expensive given the pretty broad spreads (if there's even the necessary liquidity).
• GigabyteCoin 13y ago
  It's not easy to buy $500,000 worth of bitcoins on the open market at "current value".
  • nwzpaperman 13y ago
    +1 No market depth I expect the Chinese to expand support of cryptocurrencies to strengthen their geo-political position through a peaceful strategy like this. All other financial strategies involve interfacing with legacy financial warehouses and inventory systems which limit their leverage.
  • TomGullen 13y ago
    Someone bought ~$1mm on gox a few days ago without too much trouble I think
    • GigabyteCoin 13y ago
      They did, but it sparked a frenzy of buying shortly afterwards...