[ed25519FUUU]

You’ll notice that even if they accept Bitcoin as payment, they’ll never price anything in Bitcoin. Nobody does that. They always price it in dollars and accept Bitcoin at the market rate.

When people start pricing things I’m Bitcoin without doing some daily calculation, that’s when you know it’s serious.

[koheripbal]

You will never be able to price anything in Bitcoin, ever. It's volatile because deflationary currencies are inherently volatile.

The future of finance is in some future crypto that provides for economic-growth-based inflation/deflation of the money supply. The Fed does this manually, and that's what keeps USD more-or-less stable.

[nickik]

> It's volatile because deflationary currencies are inherently volatile.

That is wrong. Maybe you mean 'fixed supply currency'.

There is nothing inherent in deflation, defined as 'general decline in general price level' that makes it volatile in terms of purchasing power.

The old pre-WW1 gold standard was deflationary, but it was also as stable as any system humans have ever come up with. It worked by banks adjusting reserves depending demand for their base currency.

[tibbon]

FWIW, there's plenty of volatile fiat currencies that things are priced in today. Stability has never been required for pricing.

[sethd]

You can definitely price things in a volatile currency but that doesn't mean the situation will be ideal. One just has to look at the research on the economic impact of currency volatility on emerging markets to see how this plays out.

[charcircuit]

There are already multiple stable coins that exist that are pegged to the dollar.

[koheripbal]

Pegging to the dollar is not really its own currency then.

...and yes, Tether is far more used than Bitcoin for non-speculative trading.

[nelsonmandela]

I've got 50,000 chainlink that refuses to pump. Might be the first unintentional stablecoin.

[koheripbal]

What's so special about chainlink?

[sixQuarks]

Do people price things in gold? So, is gold not a serious thing?

[pelliphant]

It is uncommon for sure.

But then again, now days, most people don't consider gold as a serious currency.

[sixQuarks]

That's because it's not a currency. It's a store of value.

[pelliphant]

Yes, that was my point.

[wickoff]

Bitcoin is too volatile to be useful as a currency, it is too volatile because its market cap is so small.