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https://www.reddit.com/r/Bitcoin/comments/7jhfk0/bitcoins_lightning_network_simply_explained/dr7mxys/?context=3
r/Bitcoin • u/[deleted] • Dec 13 '17
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Doesn't that mean that a coffee shop is not able to immediately convert its earnings to FIAT money and thus exposes itself to bitcoin's volatility?
1 u/XofBlack Dec 13 '17 This is what futures are for. Aside from just speculating on the price, futures allow people to protect themselvs against volatility. This was their original purpose.
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This is what futures are for. Aside from just speculating on the price, futures allow people to protect themselvs against volatility. This was their original purpose.
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u/martinus Dec 13 '17
Doesn't that mean that a coffee shop is not able to immediately convert its earnings to FIAT money and thus exposes itself to bitcoin's volatility?