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> 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 d
by 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.