Imagine buying groceries with bitcoin and having to wait 15 minutes at the register for enough confirmations to post on the block chain, only to realize that if you had gone to the store 15 minutes later your groceries would have cost $8 less due to the constantly changing value of your currency.
I’m finding it hard enough imagining that bitcoin has any true value.
Padme: Because value is relative, right? ☺️
Padme: Right? 🤨
This is why I don’t accept that any crypto is currently acting as a functional currency. Who is out there actually pricing things in bitcoin? You’d have to be a fool since you would have little to no control of whether or not you could possibly make a profit.
Imagine buying groceries with bitcoin and having to wait 15 minutes at the register for enough confirmations to post on the block chain, only to realize that if you had gone to the store 15 minutes later your groceries would have cost $8 less due to the constantly changing value of your currency.
I’m finding it hard enough imagining that bitcoin has any true value.
Padme: Because value is relative, right? ☺️
Padme: Right? 🤨
This is why I don’t accept that any crypto is currently acting as a functional currency. Who is out there actually pricing things in bitcoin? You’d have to be a fool since you would have little to no control of whether or not you could possibly make a profit.