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How do these businesses cheaply, regularly, and reliably turn large amounts of cash into bitcoins, without going through somebody that is spooked by the Federal
by Crito 13y ago
How do these businesses cheaply, regularly, and reliably turn large amounts of cash into bitcoins, without going through somebody that is spooked by the Federal Government?
Asking their customers to do it for them is unrealistic. Their target audience is not "HN techies", but rather "general population". Maybe in the future having the customers do it will be a realistic solution, but maybe in the future it will be fully legalized anyway...
- lukifer 13y agoIt would be a smart move on the part of stores to operate aggressively-priced LocalBitcoins sales on the side, to reduce their cash on hand.
- natrius 13y agoRaise prices for dollar purchases and discount Bitcoin purchases. After three weeks of that, 90% of customers will be paying with Bitcoin.
- rmc 13y agoYou presume every shop in the town/city will accept this BitCoin plan. If not, then punters will just switch to the shop that operates with dollars, and accepts the risks/drawbacks the shops in this article do, and you're business will fail.