Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by cmh89 on Wednesday April 12, 2023 @11:15AM
(#35541155)
>I don't know if I'd call a currency "stable" when it's lost 80% of it's own value since being introduced and can have new liquidity created with little due process.
Something that depreciates can still be stable. The US dollar loses value at a relatively predictable rate. We can see what an unstable currency looks like right now by looking at Argentina, where the peso has lost 47% of its value in a year.
BitCoin is more like the peso than the dollar, hence why its called unstable.
> All currency is an illusion, it's just about which illusion makes you more comfortable.
Currency isn't an illusion, it's a social construct, and its a deeply embedded social construct.
Something that depreciates can still be stable. The US dollar loses value at a relatively predictable rate. We can see what an unstable currency looks like right now by looking at Argentina, where the peso has lost 47% of its value in a year.
BitCoin is more like the peso than the dollar, hence why its called unstable.
> All currency is an illusion, it's just about which illusion makes you more comfortable.
Currency isn't an illusion, it's a social construct, and its a deeply embedded social construct.