Re: Bit-Pay Taking Advantage of their Payment Gateway Monopoly for ASICs?
Oh OK, wow. Now I feel very stupid.
Sorry for the misunderstanding. I will correct the OP. Feel like I can support Bit-Pay again.
No problem. In fact the rate we quote for all BFL orders is the same exact rate a customer would get if they issued a market sell order on the exchanges, but we do not charge any commissions. We actually have the fairest buy rates out there I believe.
So you are better off spending your bitcoins rather than selling them and spending the fiat.
Oh, trust me, I'm far happier staying in Bitcoin than dealing with fiat at any time I don't have to deal with fiat. Yeah, I apologise for the misunderstanding, and I'm a big supporter of the Bit-Pay model (feels like it's got the potential to get Bitcoin payments into physical locations using NFC etc). Was just a little worried that the price was so far out.