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by GaryRowe
5176 days ago
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For anyone considering investing in bitcoins, first read this: http://bitcoin.stackexchange.com/questions/405/what-are-some... And for the avoidance of FUD: https://en.bitcoin.it/wiki/Myths It is worth pointing out that Bitcoin does not require an investment to use it. Merchants can price their goods in bitcoins using a real-time exchange rate to limit their exposure to changing prices. Since transactions propagate (without confirmations) within a few seconds the merchant can accept the payment and later cash out to, say, USD/GBP/EUR via the exchange or some other mechanism (e.g. direct to a credit card). Alternatively, if part of their supply chain takes payment in bitcoins (e.g. a hosting service for their website, or a supplier of goods) then they can simply pay their overheads with them. Disclaimer: I am currently long on bitcoins and am using them as part of my long term retirement fund. |
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