Re:1 Bitcoin Worth 10 USD
by ghshephard on Thursday August 02, 2012 @06:05PM
(#4331293)
Correct - in fact (unless you were a speculator) you wouldn't want to hold onto anything in bitcoin for more than the time required to clear a transaction.
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Bitcoin seems to be more like payment method than currency.
But when judged as a payment method it has such poor usability that it seems pointless.
If you point out that it has poor usability for payment, well, it's actually a way to store your wealth. If you point out that the volatility makes it a bad idea there, well, it's actually a vehicle for speculation. Why would you speculate on randomly-generated numbers? Well, because it's so good for payment... or keeping your money away from the government... or... crap.