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10 sats \ 1 reply \ @2big2fail 8 Apr 2022 \ on: 📺 The Full Jack Mallers Announcement at the Bitcoin 2022 Conference | Bitcoin Magazine bitcoin
unless i am missing something here it seems that sats are liquidated for dollars for the merchant.
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1 sat \ 0 replies \ @cryptocoin OP 8 Apr 2022
The merchant has the option to use Strike if they would like dollars. They can keep the BTC if they want instead.
There are reasons, as Jack described, a merchant may not want to touch bitcoin themselves (e.g., so as to avoid the recordkeeping for gains and such). There are other merchants that would like to keep 100% of the bitcoin.
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