Post
Topic
Board Economics
Re: The fluctuation in pricing..
by
MingLee
on 31/05/2017, 04:52:58 UTC
is creating a wall that makes it harder for BTCto be a universal economic currency. Stores may take 1BTC for a product and in the AM that 1BTC could be valued at .08BTC. Obviously theres a ton of positives to this happening I think more than negatives. I for one hope it does though because USD is getting old Smiley
If bitcoin ever gets to a point where it is being accepted as a "universal economic currency" there is going to be no need to price any goods in anything other than just Bitcoin, so it becomes a game of 'I can sell this to you for xBTC' and another person will say 'I can sell this to you for yBTC'. There isn't going to be any of this 1BTC here 0.8BTC there or whatever. It'll be a (semi) free market and it just comes down to what you can sell it for, no fiat required.