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I don’t see why this would be the case. The utility in currency is not value, but stability; there’s little incentive to use Bitcoin if the value is not stable.
by matthewmacleod 9y ago
I don’t see why this would be the case. The utility in currency is not value, but stability; there’s little incentive to use Bitcoin if the value is not stable.
- MBCook 9y agoAlso in how liquid it is. If a very large retailer decided to do this with the block chain be able to keep up? I know the block size was recently raised but would it be enough?
- solotronics 9y agoyeah who would ever want something that appreciated in value /s
- matthewmacleod 9y agoCertainly not retailers in the context of a currency! Things that rapidly appreciate in value also carry the risk of rapidly depreciating in value. That’s fine as an investment vehicle, but a much less attractive prospect in a currency.
- solotronics 9y agoif they don't want to hold there are payment processors that convert instantly to fiat, that argument is invalid.