News for hackers. Stuff that matters.

A comment on Facebook reveals its cryptocurrency Libra. Parent comment

Re:Facebook reveals its cryptocurrency Libra by ISL on Tuesday June 18, 2019 @10:12AM (#20213163)
The only thing preventing me from using bitcoin regularly is the need to account for the capital gains (losses) on every individual transaction relative to USD. One year's worth of itemized accounting for trivial transactions was enough.

Barring that, I'd be actively using BTC (or other cryptocurrencies) in the same mode as many people use Venmo.

[ Parent | on HN ]
Re:Facebook reveals its cryptocurrency Libra by yoz-y on Tuesday June 18, 2019 @10:36AM (#20213491)
Would it not bother you that an object would cost twice as much on one day that on another?
[ Parent | on HN ]
Re:Facebook reveals its cryptocurrency Libra by kobasa on Tuesday June 18, 2019 @12:15PM (#20214710)
What if it costs twice as less? Think of it as cashing in a small part of some stock/investment to use it to buy something. If you're really that concerned about crypto price changing, you can just top it back up that evening.
[ Parent | on HN ]
Re:Facebook reveals its cryptocurrency Libra by yoz-y on Tuesday June 18, 2019 @01:03PM (#20215324)
That is a good analogy. One would not cash in a part of investment for a banal purchase but might do so when buying a house. In that case I would definitely wait for a right moment to sell.
[ Parent | on HN ]