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Old 03-05-2021, 11:53 AM  
jscott
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Join Date: Feb 2001
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Quote:
Originally Posted by fuzebox View Post
Except the program is going to choose what is best for them.

Holding 7 figure balances on a volatile currency is an accounting nightmare. BTC dropped 15% this week, if a program was preparing for their payout and then now the value has dropped, they now have to acquire more BTC just to meet their payables, having just lost a significant amount of value (and possibly their margin).

Now their business model goes from buying, converting, and monetizing affiliate traffic, to speculating on volatile digital assets... This is going to add a ton of complicated tax liability and possibly put them under the microscope for tax evasion and money laundering.

Ironically it's the smaller and/or international affiliates who demand services like epassporte, paxum, and payoneer. Affiliate programs don't like having to deal with those either.

The expenses and shortcomings of the traditional banking system are not enough of a reason for a large adult company to take on so much additional risk.
Dude, it's dropped 15% in a day

But how short-sighted do you have to be?

Have you ever looked at any 5 year graph of Bitcoin? Zoom out and wake up dude!
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