Visa Plans to Enable Bitcoin Payments at 70M Merchants

Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by throw0101a on Wednesday March 17, 2021 @07:46PM (#26498196)

I ran across the following observation a little while ago: the volatility of one's currency should be less than the volatility of the goods purchased by that currency.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by sebmellen on Wednesday March 17, 2021 @11:16PM (#26499392)

Sounds good, but does it hold true in practice? Should the average price of a dozen eggs be more volatile than $USD? I don’t think that’s the case historically.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by throw0101a on Saturday March 20, 2021 @09:42AM (#26523187)

Some goods are more volatile than others, and probably tend to be commodities (e.g., oil/WTI) rather than finished goods, but US$ (and the currencies of most developed economies) is less volatile than any good that I can think of.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by paulmd on Thursday March 18, 2021 @12:03AM (#26499583)

which is more volatile, bitcoin or GPU hardware? ;)

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