Post
Topic
Board Economics
Re: High volatility and sudden crashes will kill bitcoin, unless...
by
deisik
on 12/06/2017, 16:49:19 UTC
But who is going to hold the bag?

Every merchant can opt to be a bag-holder

If wishes were horses, beggars might ride

A simple question begs to be asked, i.e. why merchants would want that in the first place? Are they in for charity or what? If they don't have economic interest in that (which in most cases boils down to pure profits), they won't do anything along these lines. More specifically, they will just increase their profit margins and will ask for hefty premiums to avoid getting caught by Bitcoin volatility (or choose to abandon Bitcoin altogether). Why the American dollar is universally accepted around the globe? Right, because it is as solid as rock