Ninjastic
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Re: Microsoft does NOT accept Bitcoin!
by
entertainment
on 11/12/2014, 12:47:51 UTC
Quote from: Kupsi on December 11, 2014, 12:43:43 PM
Quote from: NotLambchop on December 11, 2014, 12:36:43 PM
Quote from: Kupsi on December 11, 2014, 11:53:35 AM
Quote from: truetalkci on December 11, 2014, 11:48:34 AM
Microsoft does not hold any bitcoins you pay to bitpay company

How do you know that?

"Microsoft is using BitPay to process their bitcoin transactions." -- https://www.cryptocoinsnews.com/microsoft-now-accepts-bitcoin-bitpay/

I don't see where it states that 100% is converted to fiat. Can u help me finding it? Maybe you don't understand that merchants can choose to keep some or all of the payment in bitcoins when using BitPay?

It doesn't matter anyways. Microsoft will keep Bitcoin when they will need. Right now the don't need Bitcon for nothing, so it's normal that the don't keep them.

If someone pay with BTC in Microsoft, is beacause the bought that Bitcoin before. So I don't see the problem...

PersonX BUY 1 Bitcoin -> He spend 1 Bitcoin in Microsoft -> Bitpay SELL 1 Bitcoin -> PersonY BUY 1 Bitcoin -> He spend 1 Bitcoin in Microsoft -> Bitpay SELL 1 Bitcoin ...