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> 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 3
by 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