Trickle Down Economics: Bribery Version
What happens if a guy takes a bribe in Bitcoins and the BTC/$ drops in price before he can get them to market and sell them?
Does the briber have to make up the difference, does the bribee have to eat it, or does the bribee hold onto it and hope the price goes back up.
Could make an interesting premise for a Law And Order or CSI show depending on what the bribee does. Of course it could be accomplished with precious metals too.
I should Copyright this idea just in case someone tries to use it.
That's the risk the bribee has to take. If a normal bribe is $10,000, he can request $12,500 in BTC. Then again, even if the bottom falls out, it was free money, nonetheless. On the other hand, the bribe may increase ten fold. It's a gamble, just like it's a gamble to take the bribe in the first place.
Side note: I would love to sell $100,000 worth of lumber a year, paid in Bitcoin. See the tax advantage? It's costing me about $5,000 a year in credit card transactions, alone. Albeit, I do get a lot of sales in cash, but most are in the form of checks. Yes, I currently do monkey the books to lower my tax liability, but the IRS may not even see that chuck of change if I didn't own a salvage company.
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