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Re:Bitcoin hits $1T in market value by Jtsummers on Friday February 19, 2021 @03:34PM (#26197724)
The fact that a European project was priced in Euros suggests that Euros are more of a currency than BTC. Converting to USD is a matter of convenience for you. But within the European economy that same project would have a near comparable EUR price in 12 months as it does today. That is not true for things priced in BTC as the value of the BTC is wildly fluctuating (though generally trending up).

Please find a contemporary (don't look to someone selling alpaca wool socks in 2010 and 2011), stable priced product line in BTC. Anything that I can be confident I will pay +/- 5% of the same BTC for over a 3 month period (I'm deliberately selecting a short period, most currencies are stable for 12+ months at a time when used to price goods and services).

Re:Bitcoin hits $1T in market value by tux1968 on Friday February 19, 2021 @03:48PM (#26197862)
This is all new to me, and I don't have any interest in BTC at all. But volatility and crazy inflation does happen in the realm of real currencies. BTC is unique because it's happening at the start of its existence rather than in the traditional death-spiral. Nor is currency speculation unique to BTC, it happens every day with traditional currencies. But maybe BTC can be forgiven for its volatility since it's such a unique and new concept?

As I understand it at some point there will be no new bitcoin left to mine, and it will just be available as a store-of-value currency -- if I have the concept correct. And the early adopters will be financially rewarded for helping to get it off the ground as they spend their BTC away into circulation.