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by geofft 1765 days ago
Why does that involve accepting payments in Bitcoin instead of accepting payments in fiat and converting some amount of their choosing to Bitcoin after the payment has gone through?
1 comments

Are they doing the Tesla method of handling refunds for Bitcoin purchases? That seems like a great way to hedge. e.g. if someone pays in Bitcoin, the seller reserves the right to either return the original BTC OR the original cash value. That way if BTC goes up you can issue refunds in USD, and if BTC tanks you can issue refunds in BTC
Why is that better than accepting payments in USD only, sending refunds in USD only, and converting some of the USD into BTC after you received it?

The number of people who a) buy a Tesla b) in BTC c) and ask for a refund has got to be so small that this doesn't seem like an effective way of hedging against BTC losing value relative to USD.