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Comment by hikergirl1234 | Hacker News Reader

Sell a good/service and receive payment in Bitcoin

That's not really a practical way to acquire bitcoin since there is very little economic activity in the cryptocurrency world besides trading various cryptocurrencies. I know this first-hand since the e-commerce startup I work for brings in roughly 300k USD in sales monthly, with bitcoin sales never having exceeded $80.00 USD worth of value and often none at all.

May I ask where you work? And also, why bitcoin? It's a slow cryptocurrency right?! Do you make users to wait for confirmation(about 30-40 mins)? You could experiment with fast Altcoins and convert to Bitcoin eventually.

I'd prefer not to attract any attention from my postings to my employer, but it's a small shop, nothing noteworthy.

> why bitcoin? It's a slow cryptocurrency right?! Do you make users to wait for confirmation(about 30-40 mins)?

Those decisions are outside of my responsibilities, but we use bitpay to accept bitcoin payments so it all works in real time. I suppose bitcoin was selected because it's the most popular coin so it is most likely to service customer needs, but I believe bitpay allows you to accept a few cryptocurrency options.

> You could experiment with fast Altcoins and convert to Bitcoin eventually.

IMO, there's no reason to bother doing so since experience has demonstrated that nobody really uses cryptocurrency to buy typical retail goods.

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