Quote Originally Posted by KerrAvon View Post
Skin in the game or not, when you step back and think about what Smith is saying, he is right, insn't he?

As a currency - a medium of exchange - ******* is not currently viable. No sensible person or business could rely upon it to undertake day to day transactions because it is way too volatile (as you point out).

Whether it eventually evolves into a useable currency remains to be seen, but let's not pretend that ******* is one at the moment. It's a speculative investment - a flutter- the equivalent of putting a few quid on the 2:30 at Kempton. That's cool provided that people only invest/ gamble what they can afford to lose and are willing to accept the risk.

I currently hold ******* and am enjoying the ride, but I'm not going to pretend that my involvement is anything other than that.
This was the point I was making Kerr it’s more of a commodity than a currency. John still hasn’t answered my question, I want him to help me understand as I’m too old.

The scenario....Roly takes his morning stroll to the paper shop to purchase the Morning Star, he’s asked for £1.50 but Roly says he will pay by BTC instead....talk us through how he does this?