Quote:
Originally Posted by dyna mo
dude, visa just transacted a billion dollars in the time it took me to write this sentence. the fed? they prolly just printed up a couple bil,
currency markets are $100 trillion dollars, the cc markets are massive too.
fact is bitcoing is behaving exactly like a tech stock
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yes. BTC is only a drop in the bucket today. But BTC acting like a tech stock is no good as a viable currency. currencies cant go up & down 20% in a week for walmart to accept They cant take 2 BTC for an item then the BTC is worth 20% more or less before the merchant can convert it to USD. Walmart just wants to sell product, not take a 20% swings either way because they accept BTC.
BTC is going to need to be as easy as going to the ATM machine to convert USD to BTC. until that happens, average consumers are not going to use it, & neither will walmarts. the average joe is not setting up an account at mtcox or whatever so they can do nothing but silk road or gamble with it.
just IMO of course.