If you are thinking about the USD value of BTC, then you are really just calling a rose by another name - you're still buying/selling in USD. We need more goods and services available to users of BTC, we need more people using BTC to barter. That attaches actual value to BTC, rather than perceived value. Sometimes, it seems like everyone is just interested in how much USD everyone else thinks BTC are worth.
If that still doesn't make sense, how about this: Now is the time to accept BTC as payment and convince everyone else that now is the time to buy BTC
THIS! +1!
When I start selling my custom electronics on bitmit, I do not plan to change my prices relative to the dollar, but simply charge in BTC and stick with it. This would, of course, be much easier if I could buy the parts and equipment I need for a base BTC price, but SOMEBODY has to go first or we'll never be using bitcoin as it's own currency. I'm tired of it being tied to the USD. I do realize that this likely means that when the BTC is worth less USD, I will get far more business than when it's worth more USD, but I just have to simply ensure that my profit margin is JUST (barely) high enough to avoid too much loss during the low BTC times.
I wish there was a site like bitmit that ONLY dealt in bitcoins (aside from SR of course), and had systems in place to encourage stability and charging basic BTC prices irrespective to the BTC<->USD rate. Perhaps by a combination of incentives (like saving fees when BTC is worth less, etc), penalties when changing prices (especially in response to fluctuating BTC <-> USD rates), and systems/software that only allows you to change or update your price every 72 hours or something.
Maybe I'm just wishful thinking, I'd just love to be able to convert all my funds to BTC, and only touch the USD when I have to pay taxes, and even then ONLY convert the amount needed and nothing else. Currently there are enough services that I could get by almost exclusively on BTC, but the value is so closely tied to the USD (and usually ends up converting to USD at some point of the transaction) it almost feels like mental masturbation to pretend I am really living off of BTC.
We just need a growing market of ballsy bitcoin enthusiasts to take a gamble at creating a stable BTC-based ebay. Currently, I'd still call bitmit "USD-based" or at the very least, "fiat-based", as though it has the option to accept or pay via BTC, the prices themselves are usually based on a regulated centralized currency.
Am I way off?
- thettrix
