Imagine buying groceries bitcoin and having to wait 15 minutes at the register for enough confirmations to post on the block chain, only to realize that if you had gone to the store 15 minutes later your groceries would have cost $8 less due to the constantly changing value of your currency.
This is why I don’t accept that any crypto is currently acting as a functional currency. Who is out there actually pricing things in bitcoin? You’d have to be a fool since you would have little to no control of whether or not you could possibly make a profit.
superduperenigma@lemmy.world 1 year ago
Imagine buying groceries bitcoin and having to wait 15 minutes at the register for enough confirmations to post on the block chain, only to realize that if you had gone to the store 15 minutes later your groceries would have cost $8 less due to the constantly changing value of your currency.
Pratai@lemmy.ca 1 year ago
I’m finding it hard enough imagining that bitcoin has any true value.
deafboy@lemmy.world 1 year ago
Padme: Because value is relative, right? ☺️
Padme: Right? 🤨
ourob@discuss.tchncs.de 1 year ago
This is why I don’t accept that any crypto is currently acting as a functional currency. Who is out there actually pricing things in bitcoin? You’d have to be a fool since you would have little to no control of whether or not you could possibly make a profit.