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Cryptocurrency was originally designed to be currency, not a transactional mechanism only. If you think it through, it can't work as only a transactional mecha
by javert 5y ago
Cryptocurrency was originally designed to be currency, not a transactional mechanism only.
If you think it through, it can't work as only a transactional mechanism, because the price won't be stable. It has to first become a big asset class with a lot of liquidity, which means it has to go through a growth phase, i.e. speculation.