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A comment on Bitcoin’s first day as El Salvador’s legal tender. Parent comment

Re:Bitcoin’s first day as El Salvador’s legal tender by Shmebulock on Wednesday September 08, 2021 @08:15AM (#28455949)
> If a zoned market solely accept Bitcoin and a good costs say 1 BTC

The problem is that nobody selling regular goods WANTS to sell his goods with a fixed bitcoin price; the volatility of bitcoin would make it easy for buyers to buy the goods only when their prices where especially low in non-crazy-volatile currency and resell the goods at a favorable price immediately. There's arbitrage there

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Re:Bitcoin’s first day as El Salvador’s legal tender by smileysteve on Wednesday September 08, 2021 @08:22AM (#28456012)
This is true of other currencies (usd being the global reserve currency) as well though.

No sellers want the Argentine peso or Zimbabwean dollar either.

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