3 ms·
Volatility is something that will (and has) settle over time. All currencies are volatile at first. Volatility is not really a criticism of a currency, unless t
by darawk 9y ago
Volatility is something that will (and has) settle over time. All currencies are volatile at first. Volatility is not really a criticism of a currency, unless that volatility is somehow intrinsic to it.
- beefield 9y agoBut that is _exactly_ what is the case with bitcoin. It by design has no mechanism to manage supply, so only thing that affects price is demand, and as demand varies, there is volatility. So volatility _is_ intrinsic to bitcoin. (And to be clear, I do not mean volatility against other currencies, but volatility against your consumption basket, bread, butter etc.)
- Retric 9y agoOnly if you turn Volatility into a meaningless phrase. The euro may as well be flat from conception vs. Bitcoin which has been around for a long time and still ridiculously volatile. IMO, most fan-fiction is worse than the original, the best fan-fiction is often better.