Believe it or not, it can be and is used as both. If you have any other questions or things you think won’t work, just ask! A lot has happened in the last 5 years, and most issues people have with Bitcoin have been long ago solved. It is incredible how much different things are now, lots of old issues(like dealing with 0.0000015 issues) are no longer a problem.
How is that no longer a problem? Have most humans somehow easily learned calculate numbers to that many decimal places in the last five years? Because I still find it difficult.
Also, Bitcoin is way, way too volatile to be used as a currency in any stable economy. A can of Coke could cost twice next week as it did this week.
The people who use bitcoin think in Satoshi now. There are many wallets and exchanges that allow you to denominated in sotishis. mBTC is another common denomination that people use and think in.
It is true that bitcoin is starting out volatile, but it is still so early when you consider how long major currencies usually last. Things should settle down more and more as it becomes a larger and larger percentage of the economy. I bet gold probably started out pretty volatile, considering some people knew to value it and others didn’t.
“We have two completely different terms that mean two completely different things to break up our confusing money into smaller pieces” is not the sales point you think it is.
Also- LOL!
I bet gold probably started out pretty volatile, considering some people knew to value it and others didn’t.
How much would you like to bet? I’ll take some of those bitcoins off your hand. First, though, you’ll have to explain how to calculate volatility in a barter system that predates things like written language. Gold was bartered in the paleolithic, just like flint and antlers, and money didn’t exist until tens of thousands of years later.
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You caught me, I’m an evil bot that has been programmed to evilly trick humans into doing things that will make them money. Over 99.999% of people who have bought bitcoin and held onto it are profitable. Ooooooo scary!!
Might very well be, look at the username.
I don’t know, I might make some Satoshis and/or mBTC here. What’s the Satoshi/mBTC exchange rate?
