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Yeah, this is absolutely right. Most payment processors are immediately converting Bitcoin, due mostly to volatility. When it comes down to it, these businesse
by sroerick 12y ago
Yeah, this is absolutely right.
Most payment processors are immediately converting Bitcoin, due mostly to volatility. When it comes down to it, these businesses are going to have a tough time doing anything other than marketing to Bitcoiners.
In addition, even if a business identifies a non critical revenue stream that they can siphon off, there a not a lot of goods that can be bought with BTC.
I would guess where this will go is into the service economy. Marketing, web design, graphic design, and programming are all going to be important first steps.