- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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It’s not unfortunate. It’s not accepted as currency because it does none of the things currency is for.
Such as…?
Holding a consistent value.
Volatility in a currency makes it completely and utterly useless.
Fiat doesn’t do that either. Ever heard of inflation?
Moderate, relatively steady growth is not remotely comparable to routine wild fluctuations.
The unfortunate result of speculative investors trying to ride the next wave.
The inherent nature of a currency not managed intelligently by a competent government.
Haha, nah.
