It fluctuates with an I narrow range, and as it gets more adoption, that range is continuing to narrow. As a matter of fact, I sell items for Monero and I keep my prices completely stable and people do come to buy things. xmrbazaar.com/user/shortwavesurfer2009/. I have my prices set in such a way that they will stay stable until at least December 1st of 2024 at which time I will update them if need be.
Comment on Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
YtA4QCam2A9j7EfTgHrH@infosec.pub 1 month agoI don’t know if this argument is the winner you thought it was. A currency where people aren’t using it as a means of exchange because of price fluctuations is a failure.
shortwavesurfer@lemmy.zip 1 month ago
cygnus@lemmy.ca 1 month ago
No, no, hear them out. It’s actually super great that when you walk into the grocery store the loaf of bread is $1.50, and by the time you walk to the bread aisle it’s $0.72, and by the time you walk to the cashier it’s $2.10. This is actually super great, because there’s also a medium country’s worth of electricity being consumed to enable that.
shortwavesurfer@lemmy.zip 1 month ago
When i pick up a loaf of bread its 0.012, and when i check out its 0.012. Currentsies are going to shift against each other. The exact same thing would occur if you walked into a store in, say, Germany and handed them dollars. Also, do you mind telling me how much energy the banking system uses to run their equipment, build their buildings, have their employees come to their branches, move armored trucks full of cash, etc.