Bitcoin
Bitcoin
Out of context: Reply #580
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- chossy0
Well you are paying more.
You buy a bitcoin at £300 and a stereo costs £100 = 1/3 a bitcoin then an hour passes and suddenly a bitcoin only has a value of £100 now you have just used one whole bitcoin to purchase your goods. You my friend have just lost £200. Unless my grasp of economics is utterly flawed (which could quite easily be the truth)
- This is how all currencies work - there's a reason we don't have ½p coins in circulation any more..detritus
- ..just that bitcoin does this much quicker - but you'll agree a rate at point of purchase.detritus
- It's the speed of change though which is at the centre of my worry sir.chossy
- Sure, but what should one expect from the digital universe's first foray into an unencumbered currency?detritus
- Godammit. Now my head is spinning and I've lost my logic.ESKEMA