Re:Digital Money Across Borders: Macro-Financial Implications
by dogman144 on Friday October 23, 2020 @01:09PM
(#24871621)
You have to approach it with a pretty wide angle lens, but the better analogy IMHO is comparing BTC to other early day currencies.
Have you looked at USD vol in the 1800's? Reichsmark vol? From that angle, vol of "proper currencies" in their early adoption days tend to start looking a lot like BTC vol. At a minimum, BTC today to USD today isn't an apples:apples take at all.
In my mind, this starts to damage vol = bad BTC arguments in terms of analyzing BTC's adoption. potential.
Have you looked at USD vol in the 1800's? Reichsmark vol? From that angle, vol of "proper currencies" in their early adoption days tend to start looking a lot like BTC vol. At a minimum, BTC today to USD today isn't an apples:apples take at all.
In my mind, this starts to damage vol = bad BTC arguments in terms of analyzing BTC's adoption. potential.