Post
Topic
Board Bitcoin Discussion
Re: NYC food trucks takin bitcoin now? but how do we get their suppliers too?
by
Vessko
on 14/10/2014, 10:34:44 UTC
If a cafe begins using Bitcoin and instantly converting it to dollars then there is no circle.

It doesn't "convert" the bitcoins at the Tooth Fairy. It sells them for dollars on the exchanges. Which means that somebody is buying these bitcoins for dollars (or some other form of fiat). There are two sides to every trade.