Well to do this, we will need a list of merchants who pledged they convert it directly. Most payment providers do convert the bitcons instantly when makeing a purchase for example.
So yeah how can we trust merchants to say they won't convert it? They can do it, without anyone finding it out?
So yeah how can we trust merchants to say they won't convert it? They can do it, without anyone finding it out?
For now it can rely on good hearted businessmen and entrepreneurs who care about the bitcoin economy. Later we may need to look at how businesses are structured.
I suggest that all businesses could have their accounts public on the blockchain. This way the whole economy will be transparent.
