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Not really. I bought my lunch in bitcoin today. Bitcoin transactions are usually priced in dollars so the volatility is immaterial to its use in transactions.
by zik 12y ago
Not really. I bought my lunch in bitcoin today. Bitcoin transactions are usually priced in dollars so the volatility is immaterial to its use in transactions.
- mpyne 12y ago> Bitcoin transactions are usually priced in dollars so the volatility is immaterial to its use in transactions. That then leaves the question of why not simply use the non-volatile currency directly. Bitcoin would still have the advantage of being able to transfer money more easily than a wire transfer, but that wouldn't matter for the use case of paying for lunch.