Have you read my post? I even mentioned "menu costs" in my response. The issue is not that the currency has volatility, but that they refuse to peg the value.

Have you read my post? I even mentioned "menu costs" in my response. The issue is not that the currency has volatility, but that they refuse to peg the value. Scribophile is facing menu costs, but the menu costs are of their own creation. Simply allowing their prices to fluctuate with value would solve the problem. My point was that technology can make volatility a much smaller issue than it was in the past, hence why using old currency paradigms hinders thoughtful examination of the costs and benefits of a currency like bitcoin.