There are many unique aspects to Bitcoin. For a few months, it was exposed to a quickly. growing audience and, consequently, grew in value, which in turn made it attractive to investors, who inflated the value even more. It now appears that many speculators are getting out. Those of us still willng to use bitcoins as currency are trading it for goods and services, and I, for one, only trade it for USD when necessary. As more and more merchants join the movement, I expect this necessity to diminish.
BitBrew is doing its part to stabilze the BTC economy by keeping prices static, come hell or high water.
BitBrew is doing its part to stabilze the BTC economy by keeping prices static, come hell or high water.
If you trade
Says the guy selling a $20USD cup of coffee. Through the internet. Like it or not, you have to deal with the fact that BTC can be traded for other currencies.
Sorry, but I don't understand any part of your reply.
I think he's trying to say that you said that BTC shouldn't be allowed to be converted into other currencies and he pointed out your coffee pricing for...some reason. Anyways, you obviously weren't saying that and he was just using a straw man against you.
Anyways, I agree with you edd. All these people who worry about BTC's USD value and complain when they can buy a product cheaper with USD than with BTC are doing nothing to help to economy. People who SELL products with BTC and not just hoard them so they can cash out some day are the real BTC heroes.
Yes, it does make a little more sense if I had said something completely different.
Just to clarify: I sell premium organic and fair trade coffee, mostly in 8 ounce and 12 ounce packages. Anyone interested can do a little research and see that, even at an exchange rate of 1 BTC = $20, my prices are much more affordable than anything else out there. That is how I'm encouraging participation in the bitcoin economy.