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May 25, 2013, 10:09:03 PM |
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Utilities (electriciy, nat gas, internet).
Or other things that don't need to be conducted face to face.
Gasoline, no good. Someone could have filled up and driven off before the first confirmation fails to come through. Bars and restaurants? Besides training staff on what to do, trying to transact in bitcoin during a late night happy hour would just not be a good situation.
There is a shop in the ground floor of my building that has a "we accept bitcoin" poster on display. When i actually inquired about doing so, the guy that was working confessed that was the owners idea, but he had shown none of the staff what to do - they just get the random person asking if they accept bitcoin and haven't got the first idea what it is.
So that's the second part - if your'e going to accept bitcoin, accept bitcoin. Show your staff what to do. ANd then, once they realize what it is, institute controls of some sort. Of course, if the business you conduct buys its materials and pays its employees and other bills in dollars, then you should use a service like Bitpay. The last thing you'll want to have happen is to conduct a ton of sales during the day in Bitcoin, and then before you have the chance to pay bills, be victim to a crash like we saw in April. True, hopefully that will be a rare event, but we the economy is too young to really know what lies in store. What we do know is that even on an intra day basis, a retailer would have been hurting severely if they sold $5,000 worth of goods for $6,000 worth of bitcoin only to find out that those bitcoin were only worth $3000 when they tried to cash them in in order to buy more goods.
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