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Bitcoin is the real stable coin. Everything else is fluctuating in price discovery until hyperbitcoinization completes.
by billions 4y ago
Bitcoin is the real stable coin. Everything else is fluctuating in price discovery until hyperbitcoinization completes.
- SemanticStrengh 4y agoIt's only stable at gowing downward
- Centmo 4y agoWas just going to say that about the purchasing power of USD.
- stickfigure 4y agoThe dollar lately is way up against EUR and GBP. It's a good time to buy things from Europe.
- microtherion 4y agoThe Dollar is the real stable coin, thanks to its unbreakable peg to the dollar.
- astrange 4y agoSometimes collectible coins trade for more than face value.
- russellbeattie 4y agoAwesome. You we're just making a joke, but for some reason that one simple statement had my brain looking at the dollar from a whole different perspective for a few seconds. "What is money, anyway????" Nice. It's like when you start to grapple with relativity... "What is time???"
- EVa5I7bHFq9mnYK 4y agoIt's losing its peg to real world things at a rate of 8.5% a year.
- deleted 4y ago[deleted]
- candiddevmike 4y ago1 BTC = 1 BTC, just like 1 Monopoly dollar = 1 Monopoly dollar. Too bad I can't trade either for most goods/services/taxes.
- Aaronstotle 4y agoThere is a decent circular economy growing around bitcoin, at the very least you can purchase gift cards with them which hold dollar amounts to get whichever services you'd like!
- a2800276 4y agoIs there though? Where can I use Bitcoin to buy gift cards redeemable for: milk, underwear, dentist, train tickets, a visit to the barber? ( These being the five everyday purchases I last made.)
- kayamon 4y agobitrefill.com
- a2800276 4y agoDon't think my dentist or barber want to be paid in GameStop gift cards and I feel giving some company with an intentionally obfuscated corporate structure non-refundable tokens in the hope they'll purchase a voucher which according to them may or may not pass Amazon's fraud detection Algo the same as "purchasing a gift card". Ignoring that, it's still about the farthest thing from a "circular economy" imaginable... I can't really imagine any motivation for buying milk in this fashion unless I'm seriously into tax evasion. So good luck buying day to day shit with gift cards once you've had to move to El Salvador to evade the IRS... Which is incidentally one of the jurisdictions bitrefill.com is incorporated in.