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[–] SilverBanana 0 points 11 points (+11|-0) ago 

On the other hand, the bitcoin and other cryptocurrencies fluctuate even more than rest of FX market and there is certain hustle and expenses in transfering the funds to state currency.

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[–] Skanda 0 points 17 points (+17|-0) ago  (edited ago)

They can sell them for USD immediately if they don't like BTC's volatility. Yes, it's a little bit more complicated for those who aren't used to it, but we have to overcome that laziness or we will have to submit to PayPal's whims forever.

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[–] Rummel 0 points 3 points (+3|-0) ago 

BTC has been the least volatile it's been for months now. That can change of course, but I trade bitcoin and the volatility is at a low.

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[–] BashCo 0 points 2 points (+2|-0) ago 

There's a good chance they can be spent directly towards server costs too.

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[–] nikopol 0 points 1 points (+1|-0) ago 

*Euros

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[–] Reddit_Exodus 0 points 14 points (+14|-0) ago 

Fluctuation doesn't matter if you just buy it and immediately transfer. As long as you can immediately go Paper->Bitcoin->Paper only a few cents will be lost in transfer fees.

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[–] Wmb102er 0 points 3 points (+3|-0) ago 

Certainly less than credit card fees.

[–] [deleted] 0 points 1 points (+1|-0) ago 

[Deleted]

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[–] SilverBanana 0 points 1 points (+1|-0) ago 

No buying or selling is really immediate, I wonder just how volatile can the whole ordeal be. Maybe I am overstating the effect since we are not talking millions here, more like ten of thousands dollars if all goes well.

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[–] rocket-surgeon 0 points 5 points (+5|-0) ago  (edited ago)

Yeah, it is still not as mainstreamed as Stripe or PayPal but it is progressing. Most of the hustle related to accepting bitcoin payments and receiving fiat in your bank account has been automated some time ago (Bitpay, Coinbase). Certain online wallets also provide a fiat-value lock so that your balance in € does not fluctuate, for example Bitreserve.

While certain 'enthusiastic proponents' may claim using Bitcoin is almost completely free, there are definitely costs associated before you get the fiat in your bank account, although these seem competitive with PayPal or other services.

All in all, voat.co's use case is argueably a pretty good fit for BTC as primary channel for payments.

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[–] KoKansei 0 points 2 points (+2|-0) ago 

Bitcoin has actually been very stable for the last 6 weeks or so. Volatility will work itself out as the network grows.

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[–] tesselate 0 points 0 points (+0|-0) ago 

Even longer than that. Since mid-March, we've only had a 10% fluctuation, which in bitcoinland is considered stable.