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Suppose I get paid in BTC, and have a landlord that accepts BTC in rent. Let's say my rent is $2000/month. I get paid X amount of BTC a month for my job. If the
by s73ver 9y ago
Suppose I get paid in BTC, and have a landlord that accepts BTC in rent. Let's say my rent is $2000/month. I get paid X amount of BTC a month for my job. If the price of BTC drops below where my X Bitcoin is not enough to pay my rent, that illustrates volatility being a bad thing.
- wolco 9y agoWhen you sell the coin for cash you know exactly the amount you will have. Bitcoin needs a stable secondary currency or an exchange that will process the transaction immediately but sent payment at a later date.