>The price volatility seems like a red herring. If you're using it as a currency then you're not holding it for significant periods of time and the entire point

>The price volatility seems like a red herring. If you're using it as a currency then you're not holding it for significant periods of time and the entire point is to make it an automated process, so you're buying some cryptocurrency for cash and then immediately spending it. How much volatility do you really expect in the timespan of a fraction of a second? Steam used to accept Bitcoin, but they shut it down because volatility in combination with long transaction processing times lead to a payment shortfall, requiring you to send more money. In times of high transaction fees this meant that you would have to pay $20 in transaction fees to cover a $2 shortfall and if you didn't, steam would have refunded the bitcoin and deducted the transaction cost anyway. It was an incredibly poor experience so they shut it down. http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613 http://steamcommunity.com/games/593110/announcements/detail/...