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> If Bitcoin is the stable currency it was designed to be, My impression is, that this is a pretty contentious statement ;)
by Semaphor 6y ago
> If Bitcoin is the stable currency it was designed to be,
My impression is, that this is a pretty contentious statement ;)
- chii 6y agobut bitcoin wasn't designed to be stable (or unstable). it was designed to match the properties of gold, but digitally. I think it has somewhat succeeded.
- maps7 6y agoBitcoin was designed to be a Peer-to-Peer Electronic Cash System
- anon9001 6y ago1 BTC is still worth 1 BTC. Seems pretty stable to me.
- drdeca 6y agoThis doesn’t really work as an argument. Obviously the thing to look at is the purchasing power. If the amount of bread, industrial equipment, and land, that you can purchase with a given amount of currency A, varies much more than it does for currency B, then the purchasing power of currency A varies much more over time than that of currency B. This is obvious.
- uoylj 6y agoHow exactly does a currency go from a value of zero to trillions (were it to become a major global settlement currency) in a decentralised way while maintaining stable purchasing power? That would imply that since it was worth nothing in 2009/2010 it should remain worthless forever to maintain its purchasing power.