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As much as bitcoin's gotten some bad press recently, this kind of market volatility will severely hamper bitcoin's efficacy as a stable unit of currency. It nee
by mikeryan 15y ago
As much as bitcoin's gotten some bad press recently, this kind of market volatility will severely hamper bitcoin's efficacy as a stable unit of currency. It needs a consistent and stable rate of growth (even if negative).
- jasonzemos 15y agoIndeed. If it's worth $1 flat it will just be that much easier to do the conversions mentally. Also, vendors won't have to update their site prices as often.
- pessimizer 15y agoI think more that it needs some utility over other currencies within some context. That utility margin will bring stability.