Re:Bitcoin exchange rate reached $100 USD per BTC
by drivebyacct2 on Monday April 01, 2013 @12:19PM
(#5473996)
Huh? Just... don't tip 1 BTC? For example, the bitcointip bot on reddit will take USD values, use the current mtgox price and then tip the equivalent amount in BTC. Of course the person receiving the tip is affected by volatility compared to USD. For now, it's certainly in their favor, and again, it's no different than other currency except BTC's high current volatility.
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Re:Bitcoin exchange rate reached $100 USD per BTC
by dragontamer on Monday April 01, 2013 @03:41PM
(#5475384)
The volatility of a currency is one of the most important metrics.
It really doesn't matter if a currency is inflating or deflating. It just shouldn't change that much over time. The less it changes, the better. (or, if it is changing, then it should at least change consistently. IE: People expect USD to inflate at 3% so it should).
Since no one can predict the value of BTC next week, or hell... even tomorrow's price of BTC... it becomes a very hard to use currency.