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Author Topic: How would bitcoins for businesses work?  (Read 1896 times)
ctoon6
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July 14, 2011, 04:56:17 AM
 #21

for a giant business it would be 1000 times more secure and easier than cash.  No employees would need access to cash, they just accept exact digital payments and verify that they happened.

The customer wont need change.

The employees get paychecks digitally whenever the company decides to pay them.

No need for any traditional manager / money handling risks apart from the incredible volatility of the currency/ commodity value.



if we ever got to this point, BTC would not be the volatile one, USD would be.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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July 14, 2011, 05:39:27 AM
Last edit: July 14, 2011, 06:04:35 AM by Serge
 #22

for a giant business it would be 1000 times more secure and easier than cash.  No employees would need access to cash, they just accept exact digital payments and verify that they happened.

The customer wont need change.

The employees get paychecks digitally whenever the company decides to pay them.

No need for any traditional manager / money handling risks apart from the incredible volatility of the currency/ commodity value.



Conceptually, yes, totally agree. But technically I think it's a more challenging than simply installing and running current client.  You can't build something like amazon for instance with a simple shopping cart solution.
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July 14, 2011, 03:32:44 PM
 #23

Thank you for all of the responses. I was not trying to troll, just imagining the scalability.

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
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