You are viewing a single comment's thread from:

RE: Wow So Now We Got Heavy Fiat Trolls In Here? Very Tired of Harassing Trolls Piling Into Steemit

in #steemit7 years ago

Hey, let's explore my comment about the "possibility" that bitcoin (and others) will lose acceptance with retailers. Not sure you understand the way the game actually works. But when the bitcoin processor signs up a retail account the retailer is gauranteed the full purchase price paid by the consumer....minus fees to the processor of course. Basically the processor then needs to convert those bitcoins on teh open market. The processor is basically "gambling" with the bitcoin price. Is it to difficult for you to extrapolate the problems that could arise for the processing company if biotcoin was to stage a fat finger selloff like ETH did? You call it "trolling"...I call it provide information to help people with their decision process as the majority of the run to Bitcoin $3000 was generated based on news of greater worldwide acceptance.