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This isn't true. If it becomes easier to spend bitcoins than dollars, why wouldn't you just spend bitcoins and convert your earnings to bitcoins as they come in
by natrius 13y ago
This isn't true. If it becomes easier to spend bitcoins than dollars, why wouldn't you just spend bitcoins and convert your earnings to bitcoins as they come in?
The problem with Bitcoin isn't so much the price volatility. It's that spending them is difficult. That is changing rapidly. If a merchant offers a bitcoin discount that reflects the lower costs of doing business with Bitcoin, why wouldn't consumers spend them?
- cstrat 13y agoi agree with you in principle, however i still think there is a flawed economy behind all this. as long as i have $$$ and can spend them, why would I used BTC if the value of BTC is going up X% each month... I am better off using fiat. at a purely commercial level, it makes sense to buy bitcoins for capital gains, and use $$$ for life.