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Bitcoin Crosses The $600 Mark As Its Rally Endures
- FatalLogic 12y agoBitcoin seems to be seeing steady growth in adoption by businesses that will accept it as payment, but I haven't seen any stats showing that it's getting similar growth on the payroll side. Who is getting paid in Bitcoins? So, there are a lot more places to spend Bitcoins these days, but maybe not a matching increase in the quantity of Bitcoins available to be spent? Companies that receive Bitcoins could be using them to pay for services from other companies, from freelancers, or from employees, but that's currently not an option for many companies, because they use a payment processor that accepts Bitcoins and pays them in dollars.
- CodeCube 12y agoEven if bitcoin payroll never happens, I don't think that's that much of a big deal. The open market will always be there as a way to acquire coins.
- FatalLogic 12y agoIf you mean exchanges, then that works, but it's less efficient. To put it very simply: people will only buy bitcoin from exchanges if they believe the price will increase enough to cover the costs of doing so.