Re:Bitcoin is a disaster
by rualca on Thursday December 31, 2020 @07:36PM
(#25599164)
> 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.
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.
https://en.wikipedia.org/wiki/Money