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A comment on Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says. Parent comment

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by monort on Thursday November 30, 2017 @03:06AM (#15814143)
You are incorrect in the belief, that currencies of developed world do not fluctuate.

Pound sterling: http://www.macrotrends.net/2549/pound-dollar-exchange-rate-h...

Swiss franc: http://www.macrotrends.net/2558/us-dollar-swiss-franc-exchan...

Euro: http://www.macrotrends.net/2548/euro-dollar-exchange-rate-hi...

Yuan is much worse, though it doesn't matter that much due to capital control: http://www.macrotrends.net/2575/us-dollar-yuan-exchange-rate...

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by rcxdude on Thursday November 30, 2017 @04:58AM (#15814637)
I don't recall the GP saying currencies don't fluctuate. But there's a few orders of magnitude difference in the rate at which they fluctuate.
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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by monort on Thursday November 30, 2017 @07:37AM (#15815245)
If we compare only fluctuation down, then except for the first bitcoin bubble, they are actually the same magnitude difference: around 2x

https://static4.businessinsider.com/image/5a09d3f635876e0101...

Though fiat currencies fluctuate less frequent so far.

Incidentally, US dollar is the most well managed currency and that is why Americans do not understand the value of bitcoin.

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