That’s part of the trust problem though; when I have a $10 note in my pocket, I trust that it will still be $10 when I go to pay for my coffee later that day.
If I get $10 worth of Bitcoin out of an ATM in the morning, I don’t have that same faith in the afternoon. It might be $7, it might be $3, it might be $15,000. That volatility is exactly why I can’t trust it as my standard currency.
That’s part of the trust problem though; when I have a $10 note in my pocket, I trust that it will still be $10 when I go to pay for my coffee later that day.
If I get $10 worth of Bitcoin out of an ATM in the morning, I don’t have that same faith in the afternoon. It might be $7, it might be $3, it might be $15,000. That volatility is exactly why I can’t trust it as my standard currency.