Putting a price on Bitcoin

Putting a price on Bitcoin

SCENE: A pet shop with a bored looking proprietor. A customer approaches

CUSTOMER: I’d like to buy a parrot.

OWNER: Certainly, sir. How about this one? It’s a Norwegian Blue. Beautiful plumage.

CUSTOMER: It’s not moving much

OWNER: It is tired and shagged out after a long squawk

CUSTOMER: Fair enough. How much is it?

OWNER: $ 20,000

CUSTOMER: I’ll pay with this Bitcoin

OWNER: Sorry, sir. On WavesDEX, the Bitcoin is only worth $ 13,500

CUSTOMER: But on LocalBitcoins, it is over $ 21,500! Look at the news headlines. 

OWNER: Sorry, sir, but I can’t afford the risk. My rent, heat and light are all payable in dollars.

CUSTOMER: But the dollar has ceased to be, it has shuffled off this mortal coil, it is an ex-currency

OWNER: So you say, sir. But at least it’s a reliable means of exchange. It doesn’t move much from minute to minute

CUSTOMER: Like this parrot

If ever Bitcoin were widely adopted as a trading currency, this scene would be played…Continue reading

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