if I am a merchant accepting bitusd and I want to convert my bitusd in usd there shouldn't be any limit of how much I can convert imho..
---------------- Detour (only read if you want to detour from this topic a bit) ... ----------------
Are there any merchants accepting bitUSD? If not, want one?
I'll get you one setup within 24 hrs, if people will actually use bitUSD to purchase.
I've helped them setup with various other coins, but none of the coins communities supported the effort (and used their coins to purchase).
I believe they're back down to only accepting BTC (outside of fiat) at this point. Say the word and I'll do my best!
P.S. If I do this, and once again there is no support from the community requesting it, I will shame your community publicly! =b
Seriously, it gets old having communities tell you they want merchants, then watch that community never use the merchants you bring them.
It also reflects poorly on me with the merchants. So please don't waste my time (or the merchants) unless you are serious. I went through this with Dogecoin and a few others.
Please excuse my lack of excitement. I'm trying really hard to keep the faith in this, "we need merchants", speech coins give. Restore my faith BTS!
---------- Back to your regulurly scheduled discussion ---------
I dont think merchant adoption of bitUSD is the priority right now, and I dont think you will get a lot of merchant use of bitUSD right now if you work on it. So you'll end up publically shaming us.
The priority right now is TRADERS. We want to be an EXCHANGE. We want bitUSD to be a cash option on our internal exchange, used by traders who trade between having price exposure to BTS, fiat (bitUSD/bitCNY/etc), gold, silver, oil, etc, etc.
Merchant adoption of bitUSD/bitCNY would come after this is successfully established. (Probably through a bitpay like gateway). We would need a gateway that accepts and converts from real USD to bitUSD interchagably. Then merchants could sign up with this gateway the way they currently sign up with bitpay to accept bitcoin.
We need to make the internal BTS market work well for traders first, because that is our main function and target market right now. And then work on merchant adoption later.
(Of course, if anyone 'official' wants to come out and say "no, bitUSD merchant adoption is the priority now, and here is why", then they could change my mind).