Putting a price on Bitcoin

SCENE: A pet shop with a bored looking proprietor. A customer approachesCUSTOMER: 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 muchOWNER: It is tired and shagged out after a long squawkCUSTOMER: Fair enough. How much is it?OWNER: $20,000CUSTOMER: I’ll pay with this BitcoinOWNER: Sorry, sir. On WavesDEX, the Bitcoin is only worth $13,500CUSTOMER: 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-currencyOWNER: So you say, sir. But at least it's a reliable means of exchange. It doesn’t move much from minute to minuteCUSTOMER: Like this parrotIf ever Bitcoin were widely adopted as a trading currency, this scene would be played...Continue reading

 

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