Replying to Avatar Captain Jack Sparo

I think their main concern still needs to be addressed. Namely how an asset with high volatility can be used as a currency.

Imagine trying to take a loan in BTC, you will have no idea how much it’s going to cost to repay.

For those that argue stating the high inflation with today's fiat, keep in mind that inflation only goes in one direction. While it certainly isn’t good, it is still more manageable as a currency than a volatile asset.

While runaway inflation may push people towards BTC. It is still more a storage of value than a usable currency.

The day a decentralized system figures out an answer to the volatility problem, is the day it replaces fiat.
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Lyn Alden 2y ago

That's the thing. It's won't be significantly less volatile until it's like 10x bigger in terms of size and liquidity.

There's no "solution" to the volatility other than just that it's bigger, more widely held, more understood, and with fewer risks.

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TheZenLlama 2y ago

So many do not understand this point. Maybe we need a good metaphor.

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Braydon Fuller 2y ago

I have thought the same. Some entrepreneurs want to wait until that time, others interested in exploring options sooner rather than later.