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Because cryptocurrencies are famously stable?
by DangerousPie 6y ago
Because cryptocurrencies are famously stable?
- anm89 6y agoFrom a supply perspective, yes.
- pjc50 6y agoThe supply of Tether, on the other hand, makes a nonsense of the BTC/USD/USDT exchange rate.
- AnimalMuppet 6y agoNobody[1] gives a rip about the stability of the supply. They care about the stability of the value. ----- [1] OK, almost nobody. For crypto to be widely used, it needs a much more stable value.
- anm89 6y agoMany people, my self included, care indirectly about the supply being limited, because they perceive that this will bode well for its value denominated in currencies which have supplies which aren't being tightly managed. I agree that in a vacuum nobody cares about the supply. I'm regards to the stability thing, bitcoin volatility has been steadily decreasing over time. It's still very young and has a lot of price discovery left to go. I personally believe its volatility profile will align with the normal range for commodities and currencies over the next let's say 20 years.
- anm89 6y agoMany people, my self I clouded, care indirectly about the supply being limited, because they perceive that this will bode well for its value denominated in currencies which are being devalued. I agree that in a vacuum nobody cares about the supply.