4 ms·
All the disadvantages of the Euro - low inflation, no control over interest rates - with extreme volatility of demand thrown in?
by riskneural 11y ago
All the disadvantages of the Euro - low inflation, no control over interest rates - with extreme volatility of demand thrown in?
- msandford 11y agoThe upshot of BTC is that there isn't a real governing body that has political goals. If you're in the euro you've effectively outsourced monetary policy. With BTC there isn't any. Expectations are a huge deal when dealing with money as that's the only thing that gives it value; other people's expectations. So if your currency is one that everyone expects to fluctuate wildly over time they will behave differently than if they expect it to be very stable.
- aianus 11y agoExcept, you know, Bitcoin is actually liquid and Greek EUR deposits are not. You can send $1 million in Bitcoin outside the country and buy an apartment somewhere stable or a stack of gold bullion. Not so with Greek EUR deposits. Not to mention EUR deposits in screwed up countries have volatility that puts Bitcoin to shame: http://www.rt.com/business/cyprus-crisis-bailout-deposit-631/ http://www.rt.com/business/cyprus-crisis-bailout-deposit-631...
- riskneural 11y agohttp://www.newsbtc.com/2015/05/14/increased-liquidity-on-bitcoin-exchanges-thanks-to-alphapoint/ http://www.newsbtc.com/2015/05/14/increased-liquidity-on-bit...