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by Shmebulock
1741 days ago
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> If a zoned market solely accept Bitcoin and a good costs say 1 BTC The problem is that nobody selling regular goods WANTS to sell his goods with a fixed bitcoin price; the volatility of bitcoin would make it easy for buyers to buy the goods only when their prices where especially low in non-crazy-volatile currency and resell the goods at a favorable price immediately. There's arbitrage there |
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No sellers want the Argentine peso or Zimbabwean dollar either.