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Make it clear that it is only the *price* of a bitcoin that is volatile, not the technology/network itself #71

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merged 1 commit into from Mar 22, 2013

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runeksvendsen commented Mar 22, 2013

Similar to how we would not say cars are volatile if large price
swings for cars happen often, we shouldn't say Bitcoin is volatile
because its price is volatile.
It's important to distinguish between the underlying technology
that is Bitcoin, and the price of the tradable currency unit
within this network. The currency units may fluctuate often and
greatly in price, but the Bitcoin technology itself is not volatile
because of this.

Additionally, I've used the lowercase "bitcoin" when talking about
the currency unit rather than the "Bitcoin" technology/network.

Distinguish between "price" and "value" when explaining *price* volat…
…ility

Similar to how we would not say cars are volatile if large price
swings for cars happen often, we shouldn't say Bitcoin is volatile
because its price is volatile.
It's important to distinguish between the underlying technology
that is Bitcoin, and the price of the tradable currency unit
within this network. The currency units may fluctuate often and
greatly in price, but the Bitcoin technology itself is not volatile
because of this.

Additionally, I've used the lowercase "bitcoin" when talking about
the currency *unit* rather than the "Bitcoin" technology/network.
Contributor

saivann commented Mar 22, 2013

I see what you mean, but I'm not sure about that one. Value sounds clearer to me, as it implies that Bitcoin can lose its value and become worthless as a currency tomorrow (which is clearly what we intend to say).

However, I wouldn't mind saying something like "Value of bitcoins is volatile" so that we speak of the value of the unit, and not of the technology. As per your suggestion.

Anyone else have an opinion on this?

I like this change.

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saivann commented Mar 22, 2013

The initial change or the one in my comment?

Well the original text is wrong, but I'm happy with either runeksvendsen's or your update. I think runeksvendsen's is easier to understand though.

Contributor

saivann commented Mar 22, 2013

Re-reading, it indeed looks good and is accurate. Ok let's go with this! Thanks

saivann added a commit that referenced this pull request Mar 22, 2013

Merge pull request #71 from runeksvendsen/master
Make it clear that it is only the *price* of a bitcoin that is volatile, not the technology/network itself

@saivann saivann merged commit 41be62d into bitcoin-dot-org:master Mar 22, 2013

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