41
you are viewing a single comment's thread
view the rest of the comments
[-] aiccount -1 points 1 month ago

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.

[-] FlyingSquid@lemmy.world 1 points 1 month ago

"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.

load more comments (4 replies)
load more comments (4 replies)
this post was submitted on 03 Nov 2024
41 points (80.6% liked)

World News

39365 readers
1058 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS