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>"Just like when gold was first traded and suffered many huge highs & downs" The 4 years after Nixon took the dollar out of the gold standard (1971), gold had
by elmar 9y ago
>"Just like when gold was first traded and suffered many huge highs & downs"
The 4 years after Nixon took the dollar out of the gold standard (1971), gold had huge volatility even today gold doesn't have low enough volatility to be used as currency.
- cglace 9y agoSo we should use something as a currency with even higher volatility than gold?
- elmar 9y agoYou are absolutely right, Bitcoin will never achieve the same stability of strong government controlled Fiat currencies, in my opinion it only makes sense to use it as a currency in regions were Fiat is very bad like for example Venezuela.