d_eddie
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March 17, 2018, 10:09:37 PM

As a business owner I wouldn't price anything in bitcoin. Not yet anyway. Maybe after wider adoption it's volatility calms down. But you can still price your products in ounces of gold or silver and take bitcoin as payment. So that whole "bitcoin cant be a currency" thing is dumb. It may or may not ever be a good money. But it makes a fine currency even right now.

(snip)

Currently on a system's-wide basis, part of the problem with bitcoin has to do with Gresham's law, but another part is not widely adopted, but bitcoin is way better than pms in terms of divisibility, recognition, trustability and portability.. and perhaps a few more things when it just comes to the currency aspect of bitcoin.  

We may be solving the tx fee issue soonish. Signs are promising. However, one problem I see with bitcoin as a currency is price volatility. It's unbearable. I think that's what Anon136 meant when mentioning gold.

OK, 1 btc = 1 btc - so the price in echo-chamber terms is stable, but

How many apples for 1 btc?
How much bread, gasoline?
How many lambos?

Until these questions get an answer that drifts as slowly as gold (or better yet, slower), general adoption as a currency isn't reasonable to expect.