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Comment by bubblematrix | Hacker News Reader

It's funny to watch how crazy Bitcoin drives everyone.

Bitcoin was the hottest thing on IRC in 2009 because of the 2008 recession. The USD (and all other currencies) were becoming questionable in terms of stability. Bitcoin was meant to be a world-currency not tied to one government. Simple as that.

Don't like Bitcoin? Don't believe in it? Don't use it or accept it at your business. I'll continue to use and accept it because I like the concept.

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> Bitcoin was meant to be a world-currency not tied to one government.

And yet the dumbest thing you could have done in 2009 is make a Bitcoin transaction. People who used their bitcoins for buying pizza ended up paying a mansion's worth of money for extra pepperoni.

If the goal of Bitcoin was to be a currency it's a terrible one at that.

If your goal is to have a pizza and not speculate on future value of internet-money, transacting with bitcoin is not a stupid thing to do

It is because you'd still have a lot more pizza. So unless you were starving, there really isn't a good reason.

Or those early transactions are the only reason it ever grew into the behemoth it became. So if you were an early adopter, spending a little to make the rest of your stash valuable could be seen as an investment. If the guy didn't buy the pizza, then maybe Bitcoin never takes off.

That being said, I've never thought it would work well as a currency. I do like Ethereum due to its digital utility though.

I think you read one story about a pizza and really clung to it.

That's like saying, "Don't like CFCs? Don't use them." It affects the rest of us with increased carbon emissions and increased fraud that we all have to pay for.

When you accept it, do you price dynamically based on the value in fiat currency? I'm curious if there's anyone left not doing that these days.

Yep, it grabs the latest price of Bitcoin for each invoice. A flat, non-dynamic price was cool when Bitcoin was under $100 (so "Starting at 0.1₿/mo")

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