ToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agoGonna be a great day!lemmy.worldimagemessage-square182fedilinkarrow-up1658arrow-down155
arrow-up1603arrow-down1imageGonna be a great day!lemmy.worldToeNailClippings@lemmy.world to Lemmy Shitpost@lemmy.world · 1 year agomessage-square182fedilink
minus-squareFlying Squid@lemmy.worldMlinkfedilinkarrow-up4arrow-down2·1 year agoConsidering the volatility of Bitcoin, those store owners are nuts.
minus-squareschmidtster@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-21 year agoWhy it coverts to cash at the POS machine and they are paid in cash?
minus-squareFlying Squid@lemmy.worldMlinkfedilinkarrow-up3arrow-down2·1 year agoAgain, volatility. When the price isn’t stable, you could lose massively.
minus-squareschmidtster@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-21 year agoIt doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee… I’m sorry you can’t comprehend how this system works and is viable in lots of places.
minus-squareFlying Squid@lemmy.worldMlinkfedilinkarrow-up3arrow-down2·1 year agoIf 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
minus-squareschmidtster@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-21 year agoHuh…. just like any other currency/foreign currency already… It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore. They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do… It’s a viable business sorry mate, bark up a different tree.
minus-squareFlying Squid@lemmy.worldMlinkfedilinkarrow-up2arrow-down1·1 year agoWait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?
minus-squareschmidtster@lemmy.worldlinkfedilinkarrow-up1·1 year agoNope and what does that have to do with anything we’ve discussed….?
minus-squareFlying Squid@lemmy.worldMlinkfedilinkarrow-up1arrow-down1·1 year agoOkay, so where are they paying for coffee? You brought that up.
Considering the volatility of Bitcoin, those store owners are nuts.
Why it coverts to cash at the POS machine and they are paid in cash?
Again, volatility. When the price isn’t stable, you could lose massively.
It doesn’t matter in the sightest…. If it takes 5 bitcoins or .5 bitcoins the shop still gets their $1.50 for a coffee minus their fee…
I’m sorry you can’t comprehend how this system works and is viable in lots of places.
If 5 bitcoins is suddenly worth 3 bitcoins, the exchange rate will change and the company will lose money. It’s a major gamble.
Huh…. just like any other currency/foreign currency already…
It doesn’t matter to the store, and these companies that provide the services are making profit or they wouldn’t be around anymore.
They charge less fess than credit card companies, they get a cut from every sale, just like credit cards do…
It’s a viable business sorry mate, bark up a different tree.
Wait… you’re saying Starbucks wouldn’t be around anymore if it stopped gambling on Bitcoin?
Nope and what does that have to do with anything we’ve discussed….?
Okay, so where are they paying for coffee? You brought that up.