On Wed, Feb 26, 2014 at 7:49 PM, Jed Rothwell <[email protected]> wrote:
> James Bowery <[email protected]> wrote: > The whole point of money is to have stable values and as much of the stuff > as you need to conduct business. If the value of the dollar or yen doubled > one day and dropped by a huge fraction a month later, there would be chaos. > Why is that a good thing when Bitcoin does it? > It's _not_ a good thing and I said so in the part of my response you deleted. Where we disagree, perhaps, is over my use of the word "mitigate" whereas apparently you would say "eliminate" the value of such cryptocurrencies. People will continue to use Bitcoin for international remittances and its use will grow. It has a market niche due to its low fees and avoidance of regulatory nightmares such as those that MFMP ran into when it tried to send money to someone in Europe for instrumentation.
