Yes it was, and that is what i disliked with bitcoin, it's volatility make it bad choice for e-commerce.
There is currently one crypto which i find suitable for e-commerce, and that is tether as it have fixed value. But there is rumours now how company behind it have some problems.
And that situation with city is nothing unusual, i was once in bar where they accept only BTC and LTC and i refused to order anything because it is toomuch hassle to order it :D
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Originally Posted by thommy
but this is exactly one of the ideas what was behind crypto and what have failed completely.
ONE of the big goals here was to get rid of high banking fees for ordinary money transfers.
BTC costs are FAR over such costs and they will be more expensive as more complicated the chain becomes.
so playing with crypto is playing poker.
as long as there are enough players you make money with their volatility but as soon the big boys jump into that the majority of the small players will lose.
if they would NOT lose nobody could win - it is that easy.
we are FAR away from a world with blockchain money - and if that comes it will NEVER be ruled under stockmarket circumstances. that would make money incalculable and not useful for any kind of trades.
i saw yesterday a documentation about the first "bitcoin city in the world" what is zug in switzerland.
that was a big topic all around the world.
in this documentation they tried to find ONE shop in the whole city what ever got even one single BTC payment and they did not find one.
the community received 50 payments in 2017 and the most where made by international journalists what wanted to prove if they are really able to pay with it.
so yes you will still be able to get other people´s money with bitcoin. just by betting on rise or fall - but this is a game and nothing else. same as when you bet on the winner or a loser of a football match.
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