Re:Bitcoin is a disaster
by wongarsu on Thursday December 31, 2020 @06:37PM
(#25598597)
It's not one guy bartering, it's a lot of services offering it as a payment option, treating it effectively like a foreign currency with a different set of payment providers
[ Parent
| on HN ]
> It's not one guy bartering
It takes two to barter.
> treating it effectively like a foreign currency
They really aren't. They accept bitcoins in exchange for goods/services, just like we see in any barter system.
Calling bitcoins "foreign currency" is just a desperate attempt to hide the obvious consequences of it's volatility, which eliminates it's role as money, not only as a store of value but also as unit of account.