@M-MTax wrote:
Problem I see is there's 2 variables....the price of labor or goods goes up and the exchange rate of bitcoin goes up or down so who knows how much to charge in terms of mBTC? One day 3 would be fine but the next it might be only 2 if bitcoin were worth more in dollar terms.
State-backed currencies also fluctuate with respect to one another and with respect to a basket of goods and services. But they're stable enough to use as a medium of exchange. I have just been learning about cryptocurrency. It seems like at best they will become like precious metals, which are used as stores of value but rarely as media of exchange because their value fluctuates too much.
