|
|
|
|
|
|
by alias_neo
1747 days ago
|
|
|
Would pricing in another unit cause more issues or solve issues? If customers paid a conversion to some unit each time, and conversion is determined at point of sale. One customer may pay 100pBTC for a loaf of bread, and another may pay 101pBTC. Does that help, or make things worse? |
|
|
Your example above shows a 1% swing -- which is nothing. Yesterday BTC dropped by 14-18% depending on how you define it.
Imaging buying a Tesla and you budgeted for $40K but today it jumped $45K. That would throw off your plans and you wouldn't probably buy it, hoping for things to change. This means that the thing you are using for the transaction is actually preventing commerce because now timing matters. This is a hinderance to commerce and those using it will not have the liquidity/dynamic economy as compared to those using a stable currency.
This is a sign you are not using a currency for the transaction but rather an asset.
Now USD is stable in parts because it is accepted widely and everything is denominated in it. If everything was denominated in BTC, then it would have similar stability. Basically the more things are denominated in a particular currency/asset, the more stable it becomes.