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if you use BTC as unit of account then Bitcoin is the only thing that IS stable!
by coinward 6y ago
if you use BTC as unit of account then Bitcoin is the only thing that IS stable!
- Jtsummers 6y ago/s? That's a nonsensical statement. Use BTC to buy a car today, and then use it to buy the same value car in a year. BTC is, fundamentally, unstable at this point in time. Even when all BTC is mined and it is distributed across the globe to every human being and sentient AI and animal, it will likely continue to be highly unstable as a currency. Compare to the, relatively, stable USD as a currency. Prices for goods and services in USD fluctuate, but typically only changing once a year or so. Your milk price doesn't, in USD, shoot up by 500% in a week.
- coinward 6y agothings should be getting cheaper with innovation and technology growth
- Jtsummers 6y agoAnd many things are cheaper. Or they aren’t growing with inflation anymore. Most electronics, for instance, and many mechanical devices. Even food stuffs (some) have been more stable in price than inflation suggests they should be.
- scarmig 6y agoIt's all a matter of perspective. It's the entire rest of the world that's unstable and undergoing wild price fluctuations, while the value of one Bitcoin stands eternal and unchanging by virtue of it being worth one Bitcoin. /s
- CyberDildonics 6y agoWhen people tell me they're cold, I remind them that 1 degree celsius = 1 degree celsius.
- ben_w 6y agoMay I introduce the concepts of the Consumer Price Index and of wanting to use money to buy things other than units of itself: https://en.wikipedia.org/wiki/Market_basket https://en.wikipedia.org/wiki/Market_basket