Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin is NOT a currency debate!
by
goosoodude
on 20/07/2015, 15:16:24 UTC
Quote from: loiterin9 on July 15, 2015, 05:15:37 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.


Ok let's assume you get a bitcoin back. Which is now $300 all you have to do is sell it for $300 and pay 3/4 of for the pair of jeans. Which mean you made $50 on this transaction. How ridiculous is that?

Then this is not much different than the persons who buy something in a store, then wear it over a weekend and give it back to get the price back. If the merchant held the bitcoins in the meanwhile then it's his choice. If he awaited the price to drop then he should have sold.