Re: Bitcoin ETF's
Posted: January 26th, 2024, 4:31 pm
Bubblesofearth wrote:Urbandreamer wrote:
I "paid" in two different ways, though the bar man and his till saw no difference.
1) Paid immediately by debit card, in bitcoin. All in cost 0.00014416 BTC.*
Presumably the pub want payment in sterling so at some point your bitcoin will have had to be converted, i.e. sold, into sterling?
So no different in principle to selling anything to raise the necessary sterling.
BoE
As you say, no different from using your debit card when on holiday.
I have the choice of spending in bitcoin and the pub has the choice of receiving in pounds, or Euros in France etc.
You have the choice of spending GBP and the pub has the choice of receiving Euros, USD etc.
Where is the problem?
Of course the pub could add BTC to what it accepts.
https://www.dello.com/solutions/fiat-crypto-pos
Of course that would REALLY destroy the argument that BTC is not a currency, wouldn't it?
BTW, beer seems a bit cheaper these days, if you price it in BTC.
The bottle of beer that I bought in June cost me 0.00022816 BTC. Some 58% more than last night.
PS, yes at some point the pub and everyone else will require sterling so that they can "render unto Caesar".