Quote:
Originally Posted by mayabong
Thats what services like Bit Pay are for. As time goes on there will be less reasons to cash out since you can buy lots of stuff within the economy.
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I understand the ability to cash out that was my whole point. Most will just get paid via bitcoin - find an exchanger and cash out.
You mention in the future there will be less reason to cash out? Do you really see your cell phone provider - cable company - internet - mortgage - insurance - local gas station - banks ...accepting a non-traceable currency?
Sure you can buy a computer online with a bitcoin but so can you with any ewallet system that you can get paid in.
The downfall to bitcoin right now is you have to take an extra step to turn that bitcoin into something that is usable for your ever day needs.
Accept bitcoin -- > Send bitcoin to exchanger -- > Get money into ewallet -- > Withdraw
VS
Accept Ewallet payment -- > Withdraw