Does anyone know information related as to what happened? I understand that the price volatility can wreak havoc with merchants, but a solid business plan should account for this.
Sort of like how a solid business plan should have accounted for the great depression? :-)
Seriously I run buyBTC.cz, the volatility is KILLER for getting anything done. How can you plan around going to $260 in like two weeks, and crashing to $50? Bitpay says they are insulated from volatility, but I don't see how they could have been insulated from a person buying a boat at $260. They guarantee the price for 15 minutes. That's a long time in bitcoin land. :-)
Hopefully this well smooth out in the future.
