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How would a completely unregulated currency be better in that regard? Aren't the wild swings in bitcoin price essentially hyperinflation/deflation?
by Antipode 6y ago
How would a completely unregulated currency be better in that regard? Aren't the wild swings in bitcoin price essentially hyperinflation/deflation?
- gruez 6y agoIt depends entirely on your time horizon. USD might be more stable day-to-day, but has lost 32.3% of its value in the past 20 years. This is just with CPI, if you're comparing to asset prices this is probably much worse.
- Antipode 6y agoI was talking more about hyperinflation specifically, rather than the normal ~2% annual inflation targets. I don't understand how lack of monetary policy would prevent hyperinflation.