Re:For Sale: 29,656.51306529 Bitcoins
by zik on Thursday June 12, 2014 @08:18PM
(#7886810)
Not really. I bought my lunch in bitcoin today. Bitcoin transactions are usually priced in dollars so the volatility is immaterial to its use in transactions.
[ Parent
| on HN ]
> Bitcoin transactions are usually priced in dollars so the volatility is immaterial to its use in transactions.
That then leaves the question of why not simply use the non-volatile currency directly. Bitcoin would still have the advantage of being able to transfer money more easily than a wire transfer, but that wouldn't matter for the use case of paying for lunch.