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What do you think is needed for Bitcoin to solve the problem? Is it just wider adoption, or are there technical features missing?
by tlb 13y ago
What do you think is needed for Bitcoin to solve the problem? Is it just wider adoption, or are there technical features missing?
- jimktrains2 13y agoA stable price for one. I can't have 0.1 btc be enough for a nice dinner one day and a cup of coffee the next. Second people need to have their wallets on their phones and know how to use it. That's more of a consumer education problem than a tech problem, though.
- asperous 13y agoI'm a fan of cryptocurrency but I think this is going to be a insurmountable problem. Bitcoin lost more than half its value since last november.. that's not okay. People say "with growth.. etc.. will be stable." But USD/EUR isn't all that stable and that has massive volume and resources in motion to keep it stable (http://www.fxstreet.com/rates-charts/usdollar-index/ http://www.fxstreet.com/rates-charts/usdollar-index/) (See 88 -> 74 in 10 months).
- jimktrains2 13y agoI never said it'd be easy (or possible :(), but for it to be wide spread huge swings in value can't be happening.