Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

What do you mean by 'cave'?

Of course, Bitcoin-paying customers are currently rare. But it solves some cross-border problems, and I've met a number of software developers who prefer Bitcoin-paying work, and know of a number of projects that pay in Bitcoin.



"Caves" are the informal name of the places in Argentina where you can change and receive dollars.

Ask a customer in the Fortune 500 to pay you in bitcoins...


Thanks for the explanation of the 'cave' lingo. Is it called 'cave' because it's illegal/underground?

Does the Fortune 500 typically hire remote solo developers across borders, and using 'caves' for payment delivery? I don't think so: they have internal teams or use agencies, and avoid informal/underground mechanisms... at least in the US, in my experience.

My problem was with the categorical statement, "If you are a developer bitcoins are not the best option". It depends; for some developers and some projects that I've spoken to, they prefer to send or receive it.

If I were a startup in San Francisco and wanted to pay an Argentine developer several thousand USD each month for services, how would a 'cave' help me get USD to them, and what would be my costs?

With Bitcoin, I could send the BTC from my laptop, at a cost of less than 10¢ per payment (if I already have the Bitcoin) or about 1% of the total (if I have to purchase Bitcoin). If the developer then wants USD or ARS, perhaps then they can go to their favorite 'cave'; they'll know more about spelunking than me.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: