Regarding the use of bitcoins by retailers....

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: Impaler on November 16, 2013, 10:48:02 PM

Seriously people keep expecting 'stability' like it's the second coming. IF it was going to happen it would have happened already, the truth is that BTC was designed to do exactly what it's doing, be a hyper-deflationary quasi pyramid-scheme in which the early adopters see their net worth soar as new suckers come in at the bottom of the pyramid.

I don't think it's a pyramid-scheme because early adopters can sell anytime thus newcomers become the new early adopters. No more pyramid than gold.

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: Marlex on November 16, 2013, 05:16:05 PM

How are they going to be able to keep their prices relevant with the value changing so quickly?

Obviously this is relevant when it comes to making their use mainstream.

I believe most of the goods are priced in USD but pay in BTC. So it depends on the BTC price on that day and it will change...

Walter Rothbard

sr. member

Activity: 476

Merit: 250

Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

Quote from: Marlex on November 16, 2013, 05:16:05 PM

How are they going to be able to keep their prices relevant with the value changing so quickly?

There are already services for this, like Bitpay.

Impaler

sr. member

Activity: 826

Merit: 250

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Seriously people keep expecting 'stability' like it's the second coming. IF it was going to happen it would have happened already, the truth is that BTC was designed to do exactly what it's doing, be a hyper-deflationary quasi pyramid-scheme in which the early adopters see their net worth soar as new suckers come in at the bottom of the pyramid.

kwest

sr. member

Activity: 476

Merit: 250

It's difficult right now without tying it to something more stable (like the $ or €).
I've linked to this video before, but I think it's so good that I'll do it again:

http://www.youtube.com/watch?v=qHUPPYzzZrI

If you look at Bitcoin's volatility like that guy in the video explains.. you'll understand that it won't always be this way. It will either become more stable much higher, or hit a dead stop at zero (death).

We're still in the "pre-IPO" phase. Roller coaster rides are included free of charge.

PrymeTyme

full member

Activity: 183

Merit: 101

Chillax we are at the beginning (Drugs, alcohol, Tabac, Sex , gambling,) BTC is volatil
But it will calm Down in the future , it Takes time but it will move up to average joe
Till then just buy and Hold ... Till u can Pay your Rent in BTC

Rupture

full member

Activity: 182

Merit: 100

They can tie it to dollar amounts using a service and besides even if they do take a small loss, it will grow in the future.

Marlex

newbie

Activity: 9

Merit: 0

How are they going to be able to keep their prices relevant with the value changing so quickly?

Obviously this is relevant when it comes to making their use mainstream.

Topic: Regarding the use of bitcoins by retailers.... (Read 687 times)