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If it becomes more widely accepted to purchase tangible goods and services, do you think the value will continue to swing wildly? In some aspects, I would thin
by legitsource 13y ago
If it becomes more widely accepted to purchase tangible goods and services, do you think the value will continue to swing wildly?
In some aspects, I would think that would moderate the pricing, since at the moment it's not good for that much else for most people other than speculation and cashing in/out as needed.
- ProblemFactory 13y agoYes - but only if the merchants set fixed prices in bitcoin, rather than "$20 USD, transferred via bitcoin". Which they won't be able to do until their suppliers, employees and taxes can be paid in fixed number of bitcoins. More merchants via instant-USD-conversion will certainly increase the popularity of bitcoin, but won't help at all in giving it a moderate value in tangible goods and services.