3 ms·
what gain? you are proposing taking for example a $100usb product and selling it for 100btc... which at current market value is the equivalent of over pricing
by mindstab 13y ago
what gain?
you are proposing taking for example a $100usb product and selling it for 100btc... which at current market value is the equivalent of over pricing it to $100,000usd. Who would buy that when they could pay $100usd for it instead or convert 1btc and functionally pay 0.1btc for it instead of 100btc. What global goods providers would mark up their wares 1000x and who in their right mind would spend anything on that.
Sure, if BTC was worth > $1usd and you were selling them at 1:1 everyone would leap to do that because now they are GAINING by spending their BTC with you.
But your proposal means they loose 1000%. I don't understand what motivates this switch over.