Quote from: dothebeats on May 18, 2018, 08:05:13 PM

Quote from: brawdias on May 18, 2018, 07:30:36 PM

I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo

Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.

For bitcoin to work as an effective currency, it needs to be stable. The reason why there aren't that many merchants around the bitcoin ecosystem is because they are scared to receive a payment that's too volatile. Bitcoin would have been an excellent currency since you can use it across borders without having to exchange to a country's local currency just to buy something, so there's that.

Quote from: brawdias on May 18, 2018, 07:30:36 PM

I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.

I see one: merchants. They could potentially bring a lot of people in this ecosystem since their peers could use bitcoin as a form of payment. I don't really think that it will happen sooner or later unless services like BitPay continue to deliver cheap solutions for such merchants since it also takes off of their profits because they need to pay the concierge to receive the equivalent in dollars. It isn't that serious of a disadvantage but still a disadvantage nonetheless

Instability is not a good thing at all knowing how risky it is. Who wants to receive a payment that is unstable or that can increase or decrease anytime soon anyway. Well, unless if you take risks or an optimist.