Re:Digital Money Across Borders: Macro-Financial Implications
by demosito666 on Friday October 23, 2020 @06:13AM
(#24867815)
Not that bitcoin is not volatile (it sure as hell is), but you're picking the most stable currencies in the world and comparing them to a crypto asset that is younger than a kindergarden class. Try building the same graphs for 3rd or even 2nd world currencies and observe that they might have even worse volatility. I live in a country whose currencies devaluated in order of trillion times in 20th century if you count multiple "monetary reforms" and "denominations".
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Re:Digital Money Across Borders: Macro-Financial Implications
by JumpCrisscross on Friday October 23, 2020 @08:17AM
(#24868644)
> you're picking the most stable currencies in the world
OP tried to compare Bitcoin to reserve currencies. Reserve currencies are more stable than average.
Re:Digital Money Across Borders: Macro-Financial Implications
by notahacker on Friday October 23, 2020 @06:28AM
(#24867940)
Sure, but nobody is pretending that the likes of the Venezuelan Bolivar show no more volatility than any of the world's [other] fiat currencies as they breathlessly hype its potential as a global reserve currency.