Daily Discussion, August 03, 2018

If you want an example of what happens when the illusion falls apart, take a look at what sloppy monetary policy did to Venezuela. They measure their cash by weight now. Children use bundles of banknotes as building bricks. You go out with a grocery bag full of money to buy a loaf of bread and some eggs.

Everything is relative, and you may be surprised to know that crypto has become a sort of shelter from inflation there. When you are losing 100000% per year sitting on your cash because of inflation, 70% losses are nothing.

I see value in btc because of this.

But how would btc actually become usable? Right now, it's fluctuations are all over the place; if I'm a business and I accept bitcoins, my income is going to change dramatically month-to-month, I can't run a business with that sort of unpredictability.

The only way bitcoins could become "usable" is if they stabilize, right? Do you agree or do you have alternative thoughts? If you agree, then what process would need to take place in order for stabilization to occur?

/r/Bitcoin Thread Parent