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A comment on Bitcoin and positive vs. normative economics. Parent comment

Re:Bitcoin and positive vs. normative economics by shimon on Saturday December 28, 2013 @04:33PM (#6976713)
How does the volatility of BTC make it desirable for merchants to accept it? Either they hold BTC and are exposed to the volatility, or they convert to a fiat currency and are exposed to some transaction fees.

Perhaps the transaction fees turn out to be lower than those for credit cards, in which case BitCoin maybe becomes an alternative payment network.

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Re:Bitcoin and positive vs. normative economics by fm8892 on Saturday December 28, 2013 @05:29PM (#6976939)
Its not the volatility they're after--they want to hold a deflationary currency (which, at the moment, happens to be volatile).
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Re:Bitcoin and positive vs. normative economics by furyofantares on Saturday December 28, 2013 @09:03PM (#6977833)
Aqueous was speaking about BTC right now, in this growth period. But BTC is currently inflationary.
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Re:Bitcoin and positive vs. normative economics by SectioAurea on Sunday December 29, 2013 @12:10AM (#6978499)
Good point - the early "hockey stick" did in fact end recently with the first ever bearish 10/21 EMA crossover in the BTC/USD 12h timeframe.
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