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> Yeah no, the Turkish Lira is no longer useful. Yeah, no, it actually is. The USDTRY rate doesn't matter nearly as much if you actually live in Turkey, for h
by hhmc 5y ago
> Yeah no, the Turkish Lira is no longer useful.
Yeah, no, it actually is.
The USDTRY rate doesn't matter nearly as much if you actually live in Turkey, for hopefully obviously reasons.
And if your argument is that realized volatility makes a currency useless, then I'm afraid I have some very bad news about cryptocurrency.
- cableshaft 5y agoI was being a bit facetious. Obviously people still use it. But it's not in a great place right now. Volatility based on speculation, price discovery, and early adoption is different than volatility because of high inflation. The former just means you might lose your investments. The latter means your government could collapse.
- deleted 5y ago[deleted]