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The value of the USD is that it's a currency that can be used to buy goods and services. The same is largely not the case for BTC. To the extent that any goods
by NovemberWhiskey 5y ago
The value of the USD is that it's a currency that can be used to buy goods and services. The same is largely not the case for BTC.
To the extent that any goods and services are for sale with prices in BTC, they are (in my experience) priced consistently with trading out of BTC into some currency (say USD) and then purchasing the product with proceeds of the sale.
- herbst 5y agoTo be fair there are a lot more places in a 1000 miles radius around me taking bitcoin or crypto than there are taking dollars as payment. The relevance of USD, and any currency, is a regional value. And bitcoin is actually widely accepted here in Switzerland