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.
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.
-------
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.