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Bitcoin trading has, and will forever be a sham, which is sad, because its original purpose would have been world changing.

• civilian 9y ago
  I don't think you understand currencies? There will always be some level of currency-to-currency trading, but the hope is that it will be minor compared to the major purpose of a currency--- using it as a easy way to exchange value. (Which I imagine is what you were referencing when you said "original purpose".)
  • thebokehwokeh2 9y ago
    > using it as a easy way to exchange value This is what I was referencing. Nobody will ever use bitcoin as a means of exchange if the price of a car today is 30% less than it is tomorrow. The most important thing with a means of transaction is the stability of its value. Bitcoin will never be stable so long as it is used as a vehicle for investment (aka a commodity).
    • lrns_ 9y ago
      "Nobody will ever use bitcoin as a means of exchange if the price of a car today is 30% less than it is tomorrow." Yeah, that's not how it works. Most holders just spend and replenish with fiat. "The most important thing with a means of transaction is the stability of its value. Bitcoin will never be stable so long as it is used as a vehicle for investment (aka a commodity)." Volatility is expected to decrease over time. https://bitvol.info/index.html https://bitvol.info/index.html