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Another bad thing about bitcoin is that even traders who sell real products and services for bitcoins use dollar as a price, and then convert it to bitcoin in r
by cLeEOGPw 13y ago
Another bad thing about bitcoin is that even traders who sell real products and services for bitcoins use dollar as a price, and then convert it to bitcoin in real time. This makes bitcoin completely unnecessary, it doesn't add value to bitcoin, but the opposite - everyone start assuming bitcoin is like some virtual dollar tokens that have no meaning if there are no actual dollars involved.
- jon-wood 13y ago> everyone start assuming bitcoin is like some virtual dollar tokens that have no meaning if there are no actual dollars involved. For most people that's true. I certainly can't pay my rent in BTC, so they'd have to be converted into actual currency to be of any value to me.