Quote from: Mauser on Today at 07:38:51 AM

The problem is that bitcoins is not stable in is price, the volatility is quite high for a currency to be used in every day purchases. If the value of bitcoins fluctuates in a few weeks from 30 to 50,000 USD then people will not just spend their bitcoins to purchase a meal or some new clothes. As long as their is a big upside potential most of the people owning bitcoins will do so as investors. Which makes it very similar to Gold, there are many opportunities to actually use Gold to buy things, but people rather use it to store value and save money.

A really good point, it can’t be used for day to day purchases. And moreover if the price should go from something like $30 to 50,000 USD I can imagine so many people using that day spend on a lot of things and buy their dream house and cars, and the price will still dump. And sellers will be the ones to suffer it because when they sell a product and collect bitcoin for payment, the value might drop all of a sudden which will put them in position of loss.

So for something like this, they won’t consider accepting bitcoin or any cryptocurrency as a payment method, because they are more likely to be the ones to face the consequences if they don’t happen to exchange it for fiat immediately.