Quote from: P4man on September 17, 2011, 09:44:14 AM

Not if you use something like bit-pay, though I have no idea what their fees are. Perhaps you should find out.

I think what I am doing has the effect of bit-pay. I have my prices pegged to a stronger currency (euros,dollars) which fluctuates daily. It makes a mess of advertising, but at least I don't need to hedge against a week, only a day. While we've seen drops above 40% and many case above 20% single day falls, 2% has been typical since Spring.

It is a pity, but for now, I am afraid high inflation relegates bitcoin to an exchange protocol rather than a money (medium of exchange +1, store of value -1, unit of account ~1). In other words, Pay-pal without the centralization, but a measly fraction of the market.

Quote from: RealMusicShop on September 17, 2011, 09:19:59 AM

...accept something like an inflated priceto cover the volatility risk. The answers were outraged!

"Ich würde eigentlich gar keine Gebühr akzeptieren."

Yeah, I can see that! My German is not hot, but the words are clear "I would accept no fee!". It's interesting to receive German/Austrian's (though not their grandparent's) perspective! It is no secret that 90 years ago, merchants in Berlin inflated their prices enormously and the farmers priced their produce out of the market. Before the French occupied the Ruhr, inflation was only a third of what we've seen the past three months in bitcoin. Customers were hoarding products of all kinds and spending their entire paychecks in a single day on anything that retained value. If only we were so lucky! Following the occupation the following years, however was a whole different catastrophic disaster.

"Du hättest eigentlich nur die Wechselgebühr deiner Börse in die Artikelpreise einzupflegen und die Artikelpreise dem BTC-Kurs entsprechend anzupassen. Ob täglich oder stündlich, bleibt dir überlassen."

Fortunately, we have no price controls nor prohibitions against foreign currencies. If I were profitable I suppose I would hedge for a day (2%) which is hardly worth calculating in.