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Yes, it’s true that some central banks have chosen a different side of the triangle, but the likes of USD and GBP are firmly on the same side of the triangle as
by hyko 6y ago
Yes, it’s true that some central banks have chosen a different side of the triangle, but the likes of USD and GBP are firmly on the same side of the triangle as Bitcoin (free flowing capital and independent monetary policy). It’s specious for the OP to claim that they are attempting to fix their exchange rates, because they are clearly not. Trying to explain Bitcoin’s enormous deflationary pressure and volatility using analysis like this is just impossible.