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Again, we are bootstrapping a financial system. Volatility is to be expected. Volatility will decrease with time (lindy effect, adoption, etc.) as it has from t
by martinko 6y ago
Again, we are bootstrapping a financial system. Volatility is to be expected. Volatility will decrease with time (lindy effect, adoption, etc.) as it has from the beginning. In the asymptotic target state, btc is the only true scarce asset in the world, uncensorable and with instant global transfers.
- SpicyLemonZest 6y agoRespectfully, this seems like less of an argument and more of a slogan. It's hard to see why the Lindy effect, adoption, "only true scarcity", uncensorability, or instant global transfers would imply a large eventual decrease in volatility.