[hackerspaces] Discussion on Bitcoins BTC

Eugen Leitl eugen at leitl.org
Fri Mar 15 15:47:21 CET 2013

On Fri, Mar 15, 2013 at 09:10:10AM -0500, Jens wrote:
> I've looked at this a little bit, but don't fully understand it yet.
> What kind of cost/time is associated with being able to receive payments in

There are exchanges and there are people who can buy and sell
bitcoin, locally, for cash.

> Bitcoin and then turn that into "real" cash?  What are conversion fees and

What is the problem with staying inside the BitCoin economy?

> conversion rates?
> Is there an opportunity for a hackerspace to generate income by dedicating
> hardware to process transactions or ... ?

If you're running a full client, you're helping to process
the transactions.

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