Quote:
Originally Posted by BlackCrayon
the value of currency changes against other currencies but not so much within itself. i can go into the store and buy a loaf of bread today for 1.99, i can do the same 2 months from now. if i buy with bitcoin, i might of paid 2.99 for something worth 1.99 or .99 for something worth 1.99...all in the same day. sure the loaf of bread might go up .32 cents within the year but its not comparable. as for the credit card comparison...well i guess you missed the key word...credit. its not someone's actually money. i'd like to see bitcoin not be used for investment buy/sell purposes but actually commerce. that's what it was meant for, that's what it should be used for. if you kicked out everyone who bought for investment reasons, it would be worthless because next to no one is using it for its actual purpose.
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So I cant go to Amazon and buy a flatscreen TV for $800 with a credit (Can also use a debit card, that isn't 'credit' but its still just a piece of plastic) card and then buy the exact same TV for $800 using 7.6 BitCoins? I spent the same amount on both TVs I just used BTC funds for one instead of actual money out of my bank or from my credit line.
Dollars, Euros, Rupee, any type of currency can be used as investment, buying, selling and commerce, just like BitCoin, so I am not really sure what you mean by that.
It is a relatively new currency, so it stands to reason not many places will accept it yet but as it continues to grow (in terms of popularity) the amount of places it can be spent will increase also.
As for your comment about it being used for investment and not commerce, that just doesn't ring true, any time someone purchases BTC, trades BTC, buys a physical or virtual good with them, they are using it for purposes of 'commerce'.