On: Ohio will accept Bitcoin for corporate tax payments via Bitpay

[freedomben]

> someone can simply convert their own BTC via the normal means to USD and then pay with that, same as you could sell your gold

I don't know if you've tried to sell gold, but it's a little bit more involved and difficult than exchanging BTC/USD

[_asummers → freedomben]

But that's what this service seems to be doing, right? BitPay's raison d'etre seems to be that service exactly.

Edit: misread the parent comment.

[freedomben → _asummers]

Not sure I understand your question. BitPay exchanges BTC for USD, not Gold for USD. Gold typically requires a physical exchange of goods, and can't be done electronically.

[_asummers → freedomben]

I originally misread your comment.

[freedomben → _asummers]

haha cool, no problem. Thanks for the discussion btw :-)

[tedunangst → freedomben]

You can also own gold through an ETF or some other vehicle, which is pretty easy to trade.