Post
Topic
Board Economics
Re: Surviving government crackdown
by
digdugg67
on 09/06/2011, 21:06:04 UTC
Businesses could use BTC if they are able to hedge risk with an options exchange.

Hint.

The Bitoption Exchange has an API for value-added providers to give businesses a part-of-their-workflow method to hedge out their currency risk. You can even charge a little bit extra.

You guys have lost your mind
As a business accepting bitcoins requires too many steps
Step 1 wait 10 minutes to several hours for a confirmation of payment
Step 2 worry that while you're waiting for confirmations the price of bitcoins doesn't fall
Step 3 trade your bitcoins on an exchange for cash
Step 4 wait several days for money to arrive in your bank account

Please

CBD,
You are forgetting, we are in our toddler stage.
in the future what says that confirmations won't be faster? More reliable
What says you can't have a FRN,BTC,CAD or Credit Card price. They don't all have to be the same. Think gasoline in the states, Cash or Credit have different prices.
BTC prices could be based on the lower of the 30 day moving average and the current bid price. or any other algorithm you cared to create.
As more exchanges pop up, new methods to sweep cash into your accounts will become available.

Taking a long term view and the innovation of the community, we will create some spectacular new opportunities.