If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
Price flux generally remains between 5%-10% at max per day. Considering that an object being priced in bitcoins will not see much changes even if you use the USD value as a base price, unless you are talking big amounts.Common day-to-day objects could be bought in marketplaces without much changes in price. This is one explanation of how things can be managed.
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This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
You care drawing a wrong conclusion. The price flux is not the only factor now the most important factor behind merchants not accepting crypto. It is the government's negative stance that puts them off. Just think of yourself a law-abiding citizen who is running a business well - would you want to start a new payment method that is outlawed and seen negatively by the media and public in general?Things may change with more countries adopting crypto, but this will be slow, in fact even in the country where has been done, there is a lot of resistance from public to actually accept it.
