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Comment by meerita | Hacker News Reader

It makes impossible for a developer to charge BT on any service. Tell me how you do it without being overpriced the next day.

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Calculate the exchange rate automatically? This is not 1900.

Really? I wasn't my point. I was talking about make use of the bitcoin value as a statement. Of course I can charge in Yens and convert it on the fly to dollars or pounds, but that wasn't the point.

It's really to make Btc popular on a website when every refresh can bring you a new value. It's horrible for business. Btc right now is only useful for trade than for other low end business operations as paying one month of hosting or buying a toy.

Price your goods in USD and do the conversion at payment time.

Didn't think of that idea did you?

But then you're not really charging BTC, you're charging USD but allowing BTC as a payment mechanism of USD.

So?

This is a feature not a bug. Also its much more valuable for the endpoints to be dissimilar payment regimes because financial transfers have obscene fees at this time. You double the currency exchange cost while eliminating all transfer fees. Transfer fees to go from my employers NYC bank checking account to my local credit union checking account are pretty low. On the other hand hopping borders and using multiple payment processors adds up pretty quick and the rates are extremely high for small transactions.

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