<<  >> (p.2)
    Author Topic: Bitcoin framing  (Read 2842 times)
    Steve
    Hero Member
    *****
    Offline Offline

    Activity: 868
    Merit: 1008



    View Profile WWW
    October 10, 2012, 05:04:02 PM
     #21

    We are nowhere near the volume of BTC trades to have it be a standalone currency with static prices.  If I'm selling 1 thing and my vendors that supply me with it don't take BTC, then I'm taking BTC in the context of USD.  I've never seen a static price on anything with BTC.  That's why everyone calls it a meta-currency because it's all about its value in another currency.  It'd need to be 100x more widespread before we see things priced with static BTC prices.
    It's entirely possible that instead of anything ever getting statically priced in BTC, people start dynamically pricing everything relative to real goods instead of relative to any currency (fiat, gold, bitcoin or anything else).  As software evolves, I may be able to set my prices relative to input costs.  I could sell widget X or service Y for "input costs + 10%" for example.  I could accept payment in anything that has a sufficiently liquid market and automatically exchange my revenue for whatever asset (or combination of assets) that I prefer to hold...be it gold, silver, USD, EUR, BTC, Google stock...or pirate shares Wink

    (gasteve on IRC) Does your website accept cash? https://bitpay.com
Page 1
Viewing Page: 2