Post
Topic
Board Economics
Re: The fluctuation in pricing..
by
amaral1977
on 03/10/2017, 15:34:46 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
Volatility is very normal for an asset such as BTC. However if we want to see a crypto currency become widespread used as an evryday payment form for small transations a nd small businesses it as to achieve several goals: being fungible, having price stability, and having cheap and fast transactions.

Looking at our current fiat bils... you don´t really want to use red marked bills that came out from an ATM robbery (fungibility), you dont want someone to ask you for a great deal of money just to accepto your bill, you dont want your bill to come by bicicle form china to portugal, and you dont want your bill to be worthless in the morning ( that is what happens when counties cant stabilize there currencies like in venezuela right now)