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Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store.

Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

Imagine sitting a till for 45 minutes waiting for your transaction to be included in a block so you can pay for your groceries but bitcoin crashes during that time and you have to spend eight times as much bitcoin as you did when you walked in the store. Imagine being so fucking retarded as to think people will tolerate that and that bitcoin has a future.

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[–] • 0 pt

That description quickly turned existential. As much as I loathe haggling, I can see a parallel economy based on bartering emerging soon. I suppose that would be considered a black market but I am not an economist.

[–] • 0 pt (edited )

If you can figure out how to solve the problem of co-incidence of wants, it is plausible. Maybe write an app and see if you can solve the problem. However, chances are you will just have to invent another medium of exchange (currency) because no one wants to carry potatoes around to exchange for chickens that they then exchange for apples in order to buy baby food.

People that talk about bartering do not comprehend how economics works and why bartering can only ever exist at the EXTREMELY EXTREMELY small end of trade quantities. You can't EVER even barter with your neighbour all the time because the amount of times that you will need potatoes and he need your shoes is like 0 during your entire life span.

Please think.

[–] • 0 pt

I agree with your post and was only thinking on a small scale within a community of like-minded individuals.