Quote:
|
See at least when I'm paid in fiat I know the value I was just paid. Bitcoin fluctuates too wildly. That's not for me when I don't know the coin's future and I do know governments are working to curb its use or regulate it.
|
This is actually pretty solvable right now.
a bank or any person or a company will just convert to bitcoin for the
transfer of money, and then immediately convert the exchange back into cash at the moment of the transfer, keeping the exchange locked in at about the same price because the transfer is virtually instant.
So as a payer, and a payee you could transfer money through a service like that instantly with bitcoin (which folks do in 3rd world countries now which is one of the great humanitarian gains bitcoin offers) with almost 0% change in price for 99.9% of its still volatile state, and it's worth mentioning it only would get less volatile with time, or could be capped by the fed if they had a new world order coin to have no volitility.
Anyway, banks suck, crypto is infinitly more useful, and better, and it DOES have real uses that you can take advantage of today, and it helps bring a stable economy to parts of the world the banks dont want to go, and for that it's even humanitarian, not to mention the environmental benifits of getting rid of all the banks footprints.