Re: How can we price things in Bitcoin with hyperinflation going on?
Pretty sure you mean hyperdeflation, not hyperinflation.
Like it or not, the economy still runs on fiat, and people will still look at your bitcoin price in fiat-converted terms.
Like it or not, the economy still runs on fiat, and people will still look at your bitcoin price in fiat-converted terms.
Wait, you're right lol
the dollar is getting hyperinflated but Bitcoin is remaining the same and becoming more valuable with more purchasing power.... Oh fuck me lol I still have a lot to learn the thing is, I don't know whether Bitcoin is going to stay like this and 0.005BTC is going to become a small amount again so I'm going to have to think things over carefully.Quote
i really hope people start working with centibits and millibits it seems like people still dont understand/want to deal with fractions of a currency. Once people get over this, I don't see alt coins being around for much longer.
I really hate that idea and I'm sick of people who obsess over trying to glorify fractions of Bitcoin, I will always price my coins the normal way, if people are so easily driven away by reading decimals they can go some place else. Oh and LOL at you jballs for calling paper money stable at these prices, I'd actually like to measure Gold/Silver against Bitcoin but there are even less people doing that for now.
I made this thread precisely because paper money is unstable as fuck and I'm not sure what to do yet, the thing is I always calculate very pessimistically, I have no idea how many sales I could get from my short manga, never mind the Jewellery as I increase the stock of everything.
Its not glorifying it, its people whom aren't scared of numbers explaining to the slow people what bitcoins going to be like a few years from now when its worth 5k, 10k, etc.