3 ms·
> However, I think if I had a reliable income that was measured and paid out in BTC, then the answer would be yes. I think you haven't thought it through if yo
by gnaritas 10y ago
> However, I think if I had a reliable income that was measured and paid out in BTC, then the answer would be yes.
I think you haven't thought it through if you still think that. 2BTC is currently worth just over 2g in dollars. In 10 years time, it might be worth 10g in dollars or it might be worth 4g in dollars. You'd be crazy to agree to pay 2BTC a month for 30 years with a currency that doesn't have a predictable future value. The dollar has a predictable future value; stability is not about not losing value, it's about predictable value.
> That's really the benchmark for when BTC can be used as a proper currency, when people are prepared to set their value in BTC.
No, people can do that now, but they do it in relation to exchange rates of more stable currencies. BTC will be usable as a proper currency only when its future value becomes somewhat predictable, predictable enough to denominate long term contracts like mortgages in it without relation to another currencies exchange rate. It'll take decades to reach that point.
A currency without a reasonable long term predictable value, isn't a currency, it's a commodity.