Quote from: guysmiley on August 04, 2012, 04:41 pmpegging the price to the dollar renders bitcoin nothing more than drug-buying tokens. setting the price in BTC is better for the bitcoin as a currency in general.In fairness, if you live in the US and you travel to Germany, you won't find that the hotel you're staying at will suddenly lower their prices because your dollars don't buy as many Euros as they did last time you visited, so it's true you can lose out due to the relative purchasing power of your home currency versus the Bitcoin if prices remain static.Having said this, vendors are savvy enough to know when they have priced themselves out of the market. All it would take is for a business rival to either peg their prices to the dollar or revise their BTC price manually to trigger off a price war which would stabilise the prices.Also as I mentioned in a separate thread, two can play at this game. If the Bitcoin is on the rise (and it is!) you can always purchase more than you need and use your gains to offset any losses caused by having to buy more at an increased price at a later date.There's also nothing to stop buyers from contacting sellers and pointing out that their prices need to be revised...V.