Quote from: goosoodude on July 20, 2015, 01:28:09 PM

Quote from: Beliathon on July 15, 2015, 05:10:53 PM

Quote from: loiterin9 on July 15, 2015, 05:05:05 PM

If a merchant selling a pair of jeans for $250 accepts a 1 bitcoin and customer 2 weeks later asks for a refund with a value of a bitcoin going up to $300. Is he going to get 1 bitcoin back or a value of the jeans he bought? Naturally, the value, which means 3/4 of a bitcoin at the time of the refund. So, how does it make bitcoin a currency. ITS NOT!

So because different currencies have varying exchange rates with one another, they aren't currencies? Nonsense, all currencies do this with one another, bitcoin simply has more volatility because it's so knew, and most people haven't figured out how valuable it is yet.

That's exactly the point. If someone doesn't like the volatility then he should not use it. Or in case of refunds he can offer to accept bitcoins only in form of fiat. So that the buyer sends his coins and the coin gets exchanged. He then has the right to get the fiat back. Miner providers did this already.

No one (as in most people) will not like the volatility, that's why pioneers cope with volatility. The average joes can't see beyond the price, and they will start accepting BTC when the volatility is way lower, but they will end up having to deal with it because sooner or later, even if we stay an entire year of a stable price, there will be huge pumps that keep making the price higher, since mathematically speaking is unavoidable as demand grows and halvings occur.