Bitcoins are dangerous to accept now because of how much the price fluctuates. However, I believe if more and more retailers were to accept it the price would become more stable. The best thing you can do right now is implement a system that sells all your bitcoins if they drop a certain amount, say 10%
Agree, with one exception. If he's looking to invest in BTC, selling his hot sauce for BTC is one way to go about it. In fact, he could implement a system where it would stop offering BTC as a payment method once he's reached his monthly BTC investment goal.
yep
As a merchant that accepts (even prefers) bitcoin payment. It does have risk, but the time cost averaging tends to work out nicely.
We sell the New Liberty Dollar silver pieces and do not take credit cards or paypal, only non-reversible transactions such as Bitcoin or bank deposit.
This allows us to keep our costs lower than any others that do the same thing, so if you are looking to expand your silver collection, or to pick up pieces useful for in person commerce, you can find us at NewLibertyDollar.com.
We will likely do a piece specifically to honor Bitcoin in the near future. At the Bitcoin Conference last weekend in San Jose there was a lot of folks clamoring for them, so our designers have been hard at work ever since. They have some interesting ideas that we are looking forward to seeing realized.
Speaking of which, if any of you have ideas that you would like to see in a physical silver piece celebrating the bitcoin development, send me an IM or suggestion through the website which will go to the developers directly.