4 ms·
> I agree - but backed with concerns based on legitimate understanding not "price is going up quickly, must be a scam". Something that goes up and down so quic
by fatjokes 9y ago
> I agree - but backed with concerns based on legitimate understanding not "price is going up quickly, must be a scam".
Something that goes up and down so quickly and so frequently does warrant concern. Nobody has that understanding at the moment and it needs investigating.
> Because they did such a great job in 2008?
Maybe not the American government, but IIRC, Iceland is punishing the bankers (jail!) and the Canadian government has been praised for having kept a steady ship during the crisis through their economic policies. Governments can work.
- mrwong 9y agoYour realize that pointing yo the tiny nation of Iceland as the only one who actually put people in jail just sounds like sarcasm
- colordrops 9y ago> Something that goes up and down so quickly and so frequently does warrant concern. Why is "going up and down so quickly" inherently bad? There's no moral or legal standard on volatility. It's just a metric, everyone is aware of it, and everyone should act accordingly.
- thkim 9y agoit is not about morality. volatility is bad for any currency. it's simple truth.
- colordrops 9y agoDespite mass perceptions and previous assertions long in the past by its creator, bitcoin is not a currency, nor are most people attempting to use it as one. Neither is it digital gold, or an asset management system, or any other easy label. These terms were and are used as analogies to help people grasp blockchain technology, but it is a new and altogether different beast from previous monetary instruments, and not subject to the same constraints.