4 ms·

Why not use 'litecoins' or create their own virtual cryptocurrency? That is the achilles heel to bitcoin - bitcoin 2.0 an infinitum.

• rthomas6 13y ago
  Sure, accept all of them. Why not? It's trivial to accept them, the only difficulty is the volatility compared to dollars, which for Bitcoin is a solved problem.
  • JoeAltmaier 13y ago
    Confused; Bitcoin remains totally volatile. What was solved?
    • rthomas6 13y ago
      Merchants don't have to hold Bitcoins to accept them as payment. Several services exist that convert Bitcoin payments directly into local currency, allowing merchants to accept Bitcoin without exposing themselves to its volatility. See: https://bitpay.com/ https://bitpay.com/
      • dllthomas 13y ago
        Someone has to want them, with sufficient reliability.
• acjohnson55 13y ago
  That's why I'm convinced Bitcoin's inflation mitigation is irrelevant. If it proves to be a truly useful currency, people will simply mint other cryptocurrencies, which will be nearly-perfect substitutes.