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Bitcoin Discussion
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Why Bitcoin is bad for business ( true story, explained on details )
by
0x54444e
on
18/01/2015, 14:23:43 UTC
http://np.reddit.com/r/explainlikeimfive/comments/2sqiww/eli5_why_did_swiss_central_bank_get_rid_of/
TLDR :
Quote
EDIT 2: A few bitcoin evangelists are coming by. Since our biggest headache is instability in the currency values and rapid appreciation, I would like to point you to the following plot, which shows the CHF-USD rate and the BTC-USD rate on the same graph:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1421585015744&chddm=845536&cmpto=CURRENCY:BTCUSD&cmptdms=0&q=CURRENCY:CHFUSD&ntsp=0&ei=VKq7VPmoD-vCwAPG7oHADQ
Bitcoin is not a better answer here. Being a deflationary currency is bad for business, being an unstable currency is also. Bitcoin is, by design, both.