Post
Topic
Board Bitcoin Discussion
Re: How Do we bring the value of BitCoins back up?
by
onesalt
on 27/08/2011, 02:16:55 UTC

No merchant is going to accept btc when people have confessed it's a gambling game, and given the horrific breaches of security bitcoin has. You know like mtgox being hacked and all the money in mybitcoin "being stolen".
Smaller merchants will and that will help establish stability. Risk can be removed to a large extent if you immediately convert your costs back in to fiat on sales and keep profits in your own secure wallet!

Smaller buisnesses are less likely to use a highly risk based currency because they can afford to lose the least after being screwed over by exchange fees and volatility.