Why Not Accept Bitcoin for Goods and Services?

, Corporate Counsel


The failure of the Mt. Gox Bitcoin exchange rattled investors. But other exchanges carry on, and this shouldn't deter your business from accepting the currency.

What's being said

  • not available

    You boldly state "There are electronic protocols in place that provide built-in checks against fraudulent transactions and counterfeit Bitcoins, and provide for the recording of Bitcoin transfers and the monitoring of Bitcoin flow..."
    Then what the hell happened to the 850,000 bitcoin ($480million!) that disappeared with Mt. Gox?

    Read more: http://www.corpcounsel.com/id=1202645406690/Why-Not-Accept-Bitcoin-for-Goods-and-Services?

  • not available

    if it is divisible to the eighth decimal place, the increase is not eightfold but 10 to the eight power fold. no longer unique

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