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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by swader999 on Tuesday November 02, 2021 @02:34AM (#29077805)
The stock market can be priced in BTC and I think this maybe shows that a currency and a stock contract for ownership are fundamentally different. You can't put your money to work in a currency, you just speculate that it might rise in value and have higher conversion rates in the future.

Stocks are also used like a currency in mergers which seems odd but is practical in some circumstances.

Stocks and currency can both become most valuable as TP or wall paper.

The wilds swings in exchange rate is typical of any new currency, even the USD in its early years.

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Re:Report on Stablecoins [pdf] by dragontamer on Tuesday November 02, 2021 @12:58PM (#29083971)
> The stock market can be priced in BTC

Did the stock market value drop by 50% in the past couple of weeks?

Because BTC has doubled. If you're saying "BTC's price is the fundamental measure" of our economy, then it means we're in a horribly deflationary spiral right now.

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Alternatively, it means that BTC is in a bubble and maybe we can't price things in terms of BTC, because BTC is a horribly volatile asset that almost has no rhyme or reason behind its price movements.

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