Both parties must be willing to deal with this volatility or find ways to mitigate the risks involved.
Blatantly obvious way to deal with it --- convert crypto into a more stable, more user friendly currency --- like I don't know, maybe fiat.
Want to buy my house? Call me once this has been done.
The article could have been titled, "Why Crypto is Not a Functional Currency" or perhaps "Money Fallacies 101".
The overarching fallacy of cryptocurrency --- any sort of broad success depends on fiat's failure. Otherwise, it's unlikely the ordinary Joe will be motivated to deal with it's inadequacies.
Blatantly obvious way to deal with it --- convert crypto into a more stable, more user friendly currency --- like I don't know, maybe fiat.
Want to buy my house? Call me once this has been done.
The article could have been titled, "Why Crypto is Not a Functional Currency" or perhaps "Money Fallacies 101".
The overarching fallacy of cryptocurrency --- any sort of broad success depends on fiat's failure. Otherwise, it's unlikely the ordinary Joe will be motivated to deal with it's inadequacies.