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If they had faith on the long-term future of BitCoin, they would have accepted them as BitCoins and stored them as some sort of an investment rather than immedi
by xander7b 13y ago
If they had faith on the long-term future of BitCoin, they would have accepted them as BitCoins and stored them as some sort of an investment rather than immediately converting them to USD.
- yelnatz 13y agoIt's still a method of accepting payment.
- pandler 13y agoIsn't that a bit paradoxical? If the long term success of BitCoin rides on people using it to make transactions (e.g. paying for games by zynga), then what good is it for businesses to hoard large amounts of it for speculation?
- pandler 13y agoIsn't that a bit paradoxical? If the long term success of BitCoin rides on people using it to make transactions (e.g. paying for games by zynga), then what good is it for businesses to hoard large amounts of it for speculation?
- merloen 13y agoCompanies don't like having their costs in one currency, and their revenue in another. It's called currency risk (http://en.wikipedia.org/wiki/Foreign_exchange_risk http://en.wikipedia.org/wiki/Foreign_exchange_risk) and companies generally try to avoid it or hedge against it.
- josu 13y agoDon't forget that bitcoin is also a payment system.