this post was submitted on 03 Nov 2024
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[–] FlyingSquid@lemmy.world 1 points 22 hours ago (1 children)

How is that no longer a problem? Have most humans somehow easily learned calculate numbers to that many decimal places in the last five years? Because I still find it difficult.

Also, Bitcoin is way, way too volatile to be used as a currency in any stable economy. A can of Coke could cost twice next week as it did this week.

[–] aiccount@monyet.cc 2 points 5 hours 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.