Quote from: JayJuanGee on July 20, 2014, 09:52:36 AM

Quote from: ubercool on July 20, 2014, 09:38:50 AM

Quote from: JayJuanGee on July 20, 2014, 09:22:59 AM

Quote from: JorgeStolfi on July 20, 2014, 02:59:08 AM

Quote from: JayJuanGee on July 20, 2014, 02:47:36 AM

Quote from: JorgeStolfi on July 20, 2014, 02:07:52 AM

Quote from: JayJuanGee on July 20, 2014, 01:57:24 AM

Quote from: JorgeStolfi on July 19, 2014, 06:00:11 AM

Quote from: theonewhowaskazu on July 19, 2014, 05:41:34 AM

if you have a fully verified coin base account that is. SO GET SPENDING. Even if you pay USD go USD to BTC to buy... it's actually cheaper that way.

How do you send USD to Coinbase/exchange/Bitpay/whatever, and what do they send to Dell -- USD, or BTC? If USD, how do they send it?

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them. Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

And that is the (non)answer that I get whenever I ask that question in this forum. I had to ask the same person three times (on another thread), before he understood the question (and answered it for only one special case).

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning? And what would that deeper and more significant meaning be?

Yes you called the question stupid, and no you did not understand it. If "you pay USD go USD to BTC to buy", as the poster suggested, how do you send USD to Coinbase/exchange/Bitpay/whatever?

I go to Dell's website, and I choose to pay with bitcoins from my blockchain wallet, no? People acquire bitcoins in a variety of ways and then hold them and store them in various ways, and when it comes time to purchase something they send the bitcoins to the purchase address. Then on Dell's end, they choose whether to hold the purchase in bitcoins or to immediately cash them out as fiat (Dell is using coinbase)..

Mostly Big merchants use Coinbase because they just sell what they get sell through Bitcoins,
and it doesn't affect them Bitcoin Volatilities.

I doubt that we can make a blanket statement about what merchants are doing regarding their bitcoin purchases. It may be true that a large number of them are immediately converting to fiat; however, they can change that at any point, in the event that they are o.k. with holding BTC.

I think when Overstock chose Coinbase, they made that choice b/c Coinbase was fairly aggressive to assure that Overstock got set up quickly - accordingly, Overstock did NOT shop around regarding which service to use.

Businesses don't like volatilities that is why they hedge their foreign currency that is not that volatile like Bitcoins.
So I am sure they will not hold Bitcoins and will sell asap they will get.