Post
Topic
Board Bitcoin Discussion
Re: Why local currencies when there is bitcoin ?
by
asbani
on 18/07/2023, 02:48:19 UTC
It's needed because of governments, and lets be honest here people do not want a coin/asset which its price flucuate alot.

Ok lets make an example here, lets say I get about $1000 a week for my job. Now lets say the world changed to using BTC right?

1)  will you give me a SET number of btc each week? i.e. 0.008 BTC a week? If this is the case then thats dangerous because what if BTC dumps to 100 dollars tomorrow?

OR

2) will you give me a number of btc that is equivalent to my $1000 which I had received weekly regardless of the price of btc? In this case there's other problems that can arise, you can speculate on a few.

Now for purchasing from the vendors is another issue. How would we price stuff? is it based on our dollars equivalent, or will we have a pricing TAG purely on BTC? I don't know, lots of things to work out.