Can we please stop using Bitcoin instead of a stable cryptocurrency like NuBits?

Once again, using a volatile "currency" is fucking over people. If you use Agora you probably know what's going on. The site has had problems processing deposits for like a day. Now the site is down, and all the while Bitcoin's price is taking a huge SHIT right in everyone's face, AGAIN.

So we sit here, twiddling our thumbs as the value of our BTC goes down.

Friends, colleagues, psycho-naughts. I mean you no offense, but I must ask WHY?

1 NuBit has been worth $1 since it launched almost a year ago, and it doesn't look like that is changing anytime soon.

Advantages of using NuBits:

Disadvantages of NuBits:

I FEEL LIKE I'M TAKING CRAZY PILLS!


Comments


[7 Points] None:

You're definitely taking NuBit pills at least.

Channel that motivation into making a market then and watch how all four of your registered customers never buy anything.

And don't forget volatility is a double edged sword and can be negated by a savvy vendor.


[4 Points] sunchip14:

the reason why Bitcoin works is because majority of people that use it arnt using it to buy drugs. In order for all this to work vendors need to be able to cash out their digital currency as quickly and safely as possible and since BTC isn't the same price everyday it means you have a lot of people who buy and sell BTC on a daily basis in order to make profit. If BTC stayed at $1=1BTC then there is no incentive for investors to buy and sell so it becomes hard as hell to trade your BTC for cash other than selling it back to people using it to buy drugs which is a VERY SMALL percentage and it becomes way more suspicious to LE making them an easy target for investigation. ( It's easier to hide in an ocean than in a pond. when you buy BTC just for drugs i know it feels like that's the only thing people use it for but we are actually a VERY small piece of the pie) Yes it sucks that we see swings of around $40 up/down that can happen in the course of 24hrs but the longer it stays around and the more people that use it, it becomes more stable and the swings wont be has high but that takes a long time and a lot of integration. You gotta remember in order for digital currency to work it has to act like any normal currency, the US dollar (or any paper money) its not always worth the same from day to day in the exchange rate. Your 3rd bullet is dumb just set your profile to show USD (or whatever paper currency you use) instead of BTC.


[3 Points] None:

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[3 Points] Trappy_Pandora:

No. I haven't heard of that coin until you told me about it now.


[2 Points] Febbraio2468:

Any market I've seen that used anything other than bitcoin never had any vendors that used the alternative or the buyers weren't using it. I'd switch if everyone else did.


[1 Points] hidyhocaptain:

I feel like it's probably gonna be hard to switch, it'll happen, but the reason people are using bitcoin is because people are trading them like stocks and if it fluctuates that means there's money to be made from the swings. If there's money to be made SIMPLY from market swings, it'll attract attention. If it attracts attention, that means more people are using it, even if they're not using it for buying products on DNM, but it's group mentality. The more people using it, the more safe it feels, especially because afterall, the only reasons any currency is more or less worth anything is because people think that it is or have faith that other people think it's worth something. and that goes back to what i said about bitcoin. more people using bitcoin, more faith that it's worth something.


[1 Points] None:

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