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No, only because Bitcoin isn't stable enough right now to know what the price should've been in BTC.
by jalada 15y ago
No, only because Bitcoin isn't stable enough right now to know what the price should've been in BTC.
- ars 15y agoYou mean yes, not no. It's precisely because bitcoins are not stable that bitcoins are not a currency.
- tftfmacedo 15y agoYou should try living a country with high inflation. People lookup exchange rates every single day.
- ars 15y agoAnd those people do not willingly use that currency - they are forced to by their government. Whatever currency it is that they are comparing to is the currency they really want to use, and probably do on the black market. I'm also confident that that is the currency they keep (or try to keep) their savings in.
- ohashi 15y agoAnd you see real currencies being used in many of them as black market currencies instead of the national currency. You can also see countries trying to stop inflation by indexing to other, stable, currencies.
- mike_esspe 15y agoThat is not the problem of stability, that is because the restaurant is paying in USD to their contractors. This should change in the future.