Quote from: Spaceman_Spiff on January 06, 2014, 11:17:19 PM

Quote from: MAbtc on January 06, 2014, 06:36:35 PM

Quote from: humanitee on January 06, 2014, 06:32:07 PM

Quote from: skivrmt on January 06, 2014, 06:30:07 PM

Volatility is bad for merchants wanting to use everyday in their coffee shops, bookstores, etc. Volatility is bad for someone wanting to use this online purchases, ie, Overstock.com. Will they be adjusting the price daily? Hourly? Etc.

Is it great for speculators though.

lololol. Bitpay.

Ideally, I think, merchants accepting bitcoin ≠ merchants dumping bitcoin for fiat.

It's a necessary intermediate stage. If people feel comfortable that they can use their bitcoins everywhere, this will increase usage and the market cap, which should dampen volatility. After that, some salaries and supply chains might get paid in bitcoin, which I think will have the greatest stabilizing effect.

Indeed, it's a chain effect that has already started.

All these VC backed Bitcoin that pay everything in BTC are the first link. But once BTC becomes even more scarce, the acceleration will only be faster.