Re:Cryptoeconomics: Paving the Future of Blockchain Technology
by delhanty on Saturday July 22, 2017 @08:36PM
(#14830247)
>they both use open-loop policies that lead to massive volatility
Is that really the (only) reason that there is a massive volatility? Why isn't gold more volatile than it is then?
I'd say that another reason for massive volatility is the newness of everything and the consequent lack of confidence that something about the system (technical or otherwise) won't break down in time.
Is that really the (only) reason that there is a massive volatility? Why isn't gold more volatile than it is then?
I'd say that another reason for massive volatility is the newness of everything and the consequent lack of confidence that something about the system (technical or otherwise) won't break down in time.