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Bitcoin's not a very good solution for these guys. The fluctuations in the value of BTC could really screw up their cash flow. "Uh, sorry guys. China made a
by auntienomen 13y ago
Bitcoin's not a very good solution for these guys. The fluctuations in the value of BTC could really screw up their cash flow. "Uh, sorry guys. China made a minor change in thier banking laws, and we're a little short of cash at the moment. We can't pay you this week, but it's probable that we'll be able to pay you next week."
- FellowTraveler 13y agoThis isn't true. A business can receive Bitcoin and convert it all to gold daily. They can sell some of this gold for cash to pay their expenses. They can also start a separate company, say, an investment company, to take the gold and store it, or convert it to dollars or stocks. There are lots of solutions made possible by Bitcoin, none of which are impacted in the slightest by the investment volatility of Bitcoin.