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It's a pity that they're still pricing the drink against a fiat currency (in this case, Sterling). I look forward to a day when I'll be able to pay a consisten
by ValentineC 13y ago
It's a pity that they're still pricing the drink against a fiat currency (in this case, Sterling).
I look forward to a day when I'll be able to pay a consistent 0.05/0.1 BTC for a pint.
- dewitt 13y ago> I look forward to a day when I'll be able to pay a consistent 0.05/0.1 BTC for a pint. The value of a bitcoin will have to become less volatile before that day comes. Compare: http://blockchain.info/charts/market-price http://blockchain.info/charts/market-price With: http://en.wikipedia.org/wiki/File:U.S._Dollar_Index.png http://en.wikipedia.org/wiki/File:U.S._Dollar_Index.png Yes, the value of the dollar also fluctuates, but over 30 years it has ranged only around 30%. Whereas bitcoin has ranged 4000% in a single year. Not sure any pub would want to accept that volatility, nor would any patron.
- celticninja 13y agoi am sure if you knew its value would rise by 4000% you would happily accept them, patron perhaps may not want to spend them though.
- TomGullen 13y agoThey can't price on BTC until Bitcoins have more utility. At the moment the only utility Bitcoins have for the pub owners is to convert into cash so they have to peg them on sterling.
- nly 13y agoAll their costs are still in Sterling. It takes a long time to complete the circle and break dependence on a particular currency.
- mikeash 13y agoIn short, they'll price beer in BTC as soon as their suppliers price their beer in BTC.
- CJefferson 13y agoIf (as has happened several times before) bitcoin doubled in value against GBP, would you be happy to continue paying the equivalent of double for a pint?