Yeah, but they're Bitcoin coupons, not movie-theater coupons or ice cream cone coupons.

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YES!

so, i sell bitcoins, i sell vouchers to redeem bitcoins, i sell ice cream cones, i sell ice cream cone vouchers

even if labor cost was in there it's just a commodity

look at the price of eggs right now... i could sell vouchers for eggs, but if i redeem them for more than the promised cost basis of the voucher i'd lose money, so it's the same thing

with these stupid nuts things we have the problem of redemption recourse, they don't even bother to say "will repay nominal dollar cost basis if can't redeem

lol, i laugh in the general direction of people who don't know why a token is less than a unit of a commodity