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>For it to be used as regular currency you have to have price stability. No one wants to go to the grocery store and find out that they lost 10% of their budget
by na85 5y ago
>For it to be used as regular currency you have to have price stability. No one wants to go to the grocery store and find out that they lost 10% of their budget on the walk over.
Not only that but Bitcoin or whatever shitcoin becomes the next big thing need to scale up the network's ability to handle transactions.
Payment processors like Visa handle something like 400x more transactions per unit time than Bitcoin.
- emtel 5y agoThis is apples to oranges. A Bitcoin transaction is a settlement, much more akin to fed wire than visa. Visa transactions are not settlements.
- na85 5y agoThis is moving the goalposts. Bitcoin fanboys love to talk about the future where you can buy groceries and order pizza with btc. Do you typically use a bank wire for those transactions? I don't.
- tdeck 5y agoThat was the original generation of Bitcoin enthusiasts, but nowadays it feels like you're more likely to find fanboys who see it as a get-rich-quick scheme where the line can only go up.
- anamax 5y agoVisa does do something equivalent to settlements. Even if that is just at monthly granularity (statements to card holders), the volume is immense.