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What are the factors which could make bitcoin less turbulent later? As for most frictionless exprience: you do not need new currency for that. My bank offers 'q
by rimantas 12y ago
What are the factors which could make bitcoin less turbulent later?
As for most frictionless exprience: you do not need new currency for that. My bank offers 'quick send' functionality in their app, basically you just enter amount and select whom to send money to, that's it. You don't even have to login.
- teekert 12y agoOk, I don't have this option, transferring between my own accounts is easy (requires a pin code) but transferring to someone else's account requires a separate device + your pinpas + your pincode + scanning the screen with this device + typing a generated code into the computer/smartphone. It would be more stable with more wide spread adoption, I'd guess if shops were to use it they'd en masse refuse to fluctuate/change prices every day, dampening the trade induced fluctuations.
- jasonisalive 12y agoWhen/if Bitcoin becomes the world currency, it's price will stabilise to match the global desire to defer the completion of trades (i.e. the aggregate desire to purchase goods in the future). So you might expect to see it go up and down depending on very largescale worldwide trends about purchase timing.