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Re:Bitcoin shoots past $150 today by ISL on Sunday April 07, 2013 @02:24PM (#5508071)
The day the assumptions get challenged, especially when the Man steps in, is the critical one.

Something like BTC, however, just seems convenient. In a thread yesterday, I needed to express the price of tools in a country-independent way. For giggles, I expressed it in BTC instead of USD; afterward, it felt right. A country-invariant store of value has real value on its own. It might not be BTC, but I don't think cryptocurrency is going away.

Re:Bitcoin shoots past $150 today by jdotjdot on Sunday April 07, 2013 @02:51PM (#5508172)
It may have felt right, but by tomorrow it will be inaccurate, since BTC/USD will have continued to shoot up.

There really is no country-independent way yo express price, even those with the same currency have different prices for the same basket of goods based on a myriad of conditions. That's what Happy Meals don't cost the same everywhere.