Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by TACIXAT on Wednesday May 09, 2018 @11:03AM
(#17030353)
>why do people express the value of bitcoin in a fiat currency (like USD)?
Mostly because businesses do accounting and pay taxes in usd, so bitcoin is just used as a pass through gimmick to make sales. There is no path to the price stabilization of bitcoin, it's purely deflationary, no one is going to set prices in something that has no monetary policy.
Mostly because businesses do accounting and pay taxes in usd, so bitcoin is just used as a pass through gimmick to make sales. There is no path to the price stabilization of bitcoin, it's purely deflationary, no one is going to set prices in something that has no monetary policy.