Re:Bitcoin Is No Bubble, Says Investor With 30K Bitcoin Stake
by mrb on Friday November 10, 2017 @10:39AM
(#15670527)
Your argument is like saying an American manufacturer whose British sales office accepts GBP as payments which are immediately converted to USD means that "GBP's use as a currency is moot in this case".
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Re:Bitcoin Is No Bubble, Says Investor With 30K Bitcoin Stake
by foobardeveloper on Friday November 10, 2017 @11:07AM
(#15670794)
The conversion is just a workaround of a fundamental problem, the real question is, Can a product be stably valued for a reasonable period of time using bitcoin?
I can express the value of say a laptop for weeks, if not months, in USD / GBP, can the same be done natively in bitcoin?
Can you point me to any manufacturer or business entity that values something in bitcoin instead of mapping it to a fiat?