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He's probably comparing it to central bank currencies that can be pegged to a stable interest rate. I don't think market depth alone will ever get BTC close to
by SkyMarshal 13y ago
He's probably comparing it to central bank currencies that can be pegged to a stable interest rate. I don't think market depth alone will ever get BTC close to that, though imho it won't matter. People will just live with the instability, keeping some of their money in rate-backed currencies and some in cryptocurrencies.
- runeks 13y ago> He's probably comparing it to central bank currencies that can be pegged to a stable interest rate. What does that mean exactly? Interest rates haven't been stable for the past 100 years, and the USD isn't pegged to anything (nor is the Euro for that matter). In fact, the interest rate volatility increased after going off the gold standard: http://static.safehaven.com/authors/weiner/30046_b.png http://static.safehaven.com/authors/weiner/30046_b.png