This is incorrect. The easier a currency is to exchange for other goods, services, or currencies, the better a medium of exchange it is.
If the USD wasn't easily exchanged for other currencies, it wouldn't be as valuable around the world.
Post by twetch#1832
If I am unsure whether my BTC is worth saving for the future, I might want to see whether it's accepted now (and works) as a medium of exchange.
If it fails - or worse, if it undergoes anti-adoption - then it's a signal to not save in that currency.
What the chain says
- Block
- 635 507
- Time
- 2020-05-18T22:20:18Z
- Signer
- 17zmPibuXUuDsPnW5B4UVsV9jin35HWWU2
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1832
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17zmPibuXUuDsPnW5B4UVsV9jin35HWWU2 VerifiedReplies (2)
I agree with you here, @4179...
This is part of my expectations about a given commodity/good and whether or not I find it valuable as money.
If I don't believe I can resell a good for something I actually want, I won't accept it in payment, unless I value it for its own use. See barter.