Comment on Proton Now Has a Bitcoin Wallet

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jarfil@beehaw.org ⁨4⁩ ⁨months⁩ ago

Welcome to currency exchanges.

If you want to buy a sandwich in Indian Rupees… you either find someone selling sandwiches for Indian Rupees, or you have to exchange them to whatever the seller will accept (USD? CAD? AUD? EUR?..)

Yes, FOREX has some swings, it’s not for everyone. Bitcoin may swing more ore less than other currencies, depending on the day.

Does the cheese-sandwich-maker have to look up the rate this instant and calculate a spot price for me?

If you travel around, you’ll find countries where sellers do exactly that: they pull out a smartphone, check the spot price, add some margin, and tell your the price in USD for whatever you’re trying to buy.

Alternatively, you can swipe a credit card that will do all of that automatically. BTW, there are BTC backed credit cards too.

buy cheese from someone who takes BTC […] just kicks the can further down the road.

That’s how money works: you kick it all the way around the street, over and over, changing from can, to stone, to ball, to… etc. Those who manage to start with a can and end up with a Lambo, win. Those who end up with a single grain of sand, lose.

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