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A comment on The New York bar that takes Bitcoins. Parent comment

Re:The New York bar that takes Bitcoins by robinh on Tuesday April 09, 2013 @07:25PM (#5522164)
I'm not very well-versed in economics, but would setting prices to a relatively non-changing BTC value not actually be a good thing to stabilize its value, if enough people were to do that?
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Re:The New York bar that takes Bitcoins by badgar on Tuesday April 09, 2013 @09:12PM (#5522604)
What is the incentive to do so? BTC is expected to rise in value over time since it's a deflationary currency. So any sane businessperson should expect to be constantly decreasing the BTC price over time. It's a feature, not a bug.
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Re:The New York bar that takes Bitcoins by taejo on Wednesday April 10, 2013 @04:59AM (#5523978)
Yes, but the same effect happens (in the opposite direction) with a normal inflationary currency. Every few months or years, prices change to reflect their new value. When prices are doubling or halving once a week, that starts to get problematic (see interbellum Germany, 2000s Zimbabwe).
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