So is the solution just to use Bitcoin as a medium of exchange and a store of value, but not as a unit of account? Then prices are free to fluctuate in BTC terms, while they can remain relatively stable in fiat terms, and GDP will be unaffected.
That would make it a terrible at being a medium of exchange or a store of value, though, wouldn’t it? No one knows how much it’s worth, and you have to acquire some, pass it off, and then (on their side) turn it into currency every time you use it.
That depends on how volatile it is. On the timescale of a single transaction, a certain level of volatility might not matter very much even if the same level of volatility would prevent you from wanting to set prices in BTC.
So is the solution just to use Bitcoin as a medium of exchange and a store of value, but not as a unit of account? Then prices are free to fluctuate in BTC terms, while they can remain relatively stable in fiat terms, and GDP will be unaffected.
That would make it a terrible at being a medium of exchange or a store of value, though, wouldn’t it? No one knows how much it’s worth, and you have to acquire some, pass it off, and then (on their side) turn it into currency every time you use it.
That depends on how volatile it is. On the timescale of a single transaction, a certain level of volatility might not matter very much even if the same level of volatility would prevent you from wanting to set prices in BTC.