0.00218 bch or 218k sats = roughly a $1 at this moment. How can something that has a super fluid value be used as currency.
This is a serious issue that needs to be addressed in ways other than calling 100 sats a you bit or 1m sats a bitcent. Are we really expecting people to remeber this and check
the value of a bitcent everyday !
The price of all local change a little all the time and change relating to each other, true for everything, currencies (fiat) all lose purchasing power on average over the long term.
The most price-stable (as in purchasing power stable) commodity we have had historically has been Gold, the benefit of non-hyperinflating fiat is that it is predicable in its price.
The relative price changes in crypto day-to-day will decrease as the volume and price increases, which happens when more people are buying and holding the asset, the utility of the->
crypto increases with the markets and services that it makes possible or is cheaper and better than the alternative payments. If and when a crypto grow its price high enough->
we will see that more and more things can get priced in that crypto as it becomes more price-stable as more people hold and use it, it becomes a new large currency.
Most things and services online that take crypto is priced in USD with a temporary BCH conversion, but over time that will change if it grows enough to have a more stable price.
so I understand the above but feasibly how far away are we from achieving a stable price for any crypto.
Who cares how many whatever digits are past the decimal and what the name of anything is.You look at a screen and see the number, scan or type an address, exchange.
Fiat doesn't even seem to have a stable rate of exchange worldwide, not sure why crypto should be seen as doing any different or how that would hinder it.
Fiat eventually goes to zero. Yeah, that's stable currency.
The volatility issue is a real one indeed, and has been known for ages. Some say it has improved over time, I have not really looked into the matter. But it would be natural for a ...
new commodity entering a market to have a volatile price in the start and then get more and more stable as people started agreeing more and more on its real value.
We still have a lot of "investor" types who do not understand the technology and buy a little of each coin to hedge their bets and so on, pure speculation, which drives volatility
