5 ms·
> are those things denominated in fiat currency or in bitcoin By your logic if I exchange dollars for euros to spend on a vacation somewhere that means the dol
by Lordarminius 7y ago
> are those things denominated in fiat currency or in bitcoin
By your logic if I exchange dollars for euros to spend on a vacation somewhere that means the dollar has failed ?
- thefounder 7y agoBitcoin is volatile. That's the main issue. You can't say that about the dollar or euro. Now imagine you get paid in bitcoin, save every month for a holiday or a high value purchase. When the time comes to make the purchase you find out that your savings are worth less than 10%. How does it feel using bitcoin? I tried to use bitcoin(as a merchant) but due its volatility it makes no sense to use it(as merchant or buyer).
- Lordarminius 7y agoIts volatile because it is relatively new and not backed by a government. Market forces are having their way.It will stabilize