4 ms·
> that was just a number for illustrative purposes It's more of an ideal, e.g. the ECB targets this. In practice there's a margin of error, the question is how
by hiq 5y ago
> that was just a number for illustrative purposes
It's more of an ideal, e.g. the ECB targets this. In practice there's a margin of error, the question is how big it is. Once this error (for the currency you use, e.g. USD I assume, given your comment) and the volatility of BTC are close enough, we can consider BTC as competitive as a currency. Until then it's not.
- eric-hu 5y agoWhile I’m bullish on BTC, my personal spending choices fully agree with you as I don’t perform any spending transactions with it. That said, I’m watching these developments closely because the M2 growth from QE does alarm me, as someone whose life savings were earned in USD. Even hedging inflation with investment in the U.S. and global stock markets seems to share the same risk of poor USD monetary policy.