[pjc50]

The "stability" argument doesn't work when the value of bitcoin can fall against the dollar by 10-20% quite frequently. People love it because it's mostly been volatile in the "up" direction, but in terms of price stability of goods and services it's terrible.

[RedBeetDeadpool]

But in terms of price stability as a fraction of the sum, its unrivaled.

Things are still very early so people don't know what to make of it, but stable is a not a property I would assign to the dollar. Given that one economy mutates and another doesn't, you have to realize its not bitcoin thats moving against the dollar. Its the dollar moving around the bitcoin.

[ben_w]

If the dollar was unstable and and bitcoin stable, I would expect to observe the exchange rate between USD and other currencies fluctuate wildly while at the same time observing the BTC-$other exchange rate not fluctuating much.

This is not what I see. USD with the various other currencies I tried had 1-10% variation in the last 12 months. In each of those currencies, bitcoin varied by about 300%.

Even gold, which has zoomed up this millennium, makes bitcoin look stable in comparison.

Can you name any non-crypto asset that has had an approximately constant price in bitcoin?

[Feeble]

Yes that's fair point. It is not very ideal if you want a USD or EUR stable store of wealth at this point.