3 ms·
That reads like a credo.
by gahahaha 13y ago
That reads like a credo.
- alexeisadeski3 13y agoBoth systems contain massive speculator involvement. Only one system contains single overarching actor with ability to manipulate values at will. Pretty obvious which will be more stable.
- gahahaha 13y agoHistory shows pretty clearly that actively managed currencies with a central bank are far more stable than for example gold or bitcoin. I don't see how you can argue otherwise.
- alexeisadeski3 13y ago@gahahaha All historic gold currencies I know of were actively managed: Debasement, re-pegging, temporary abandonment to pay off debts via inflation - all were common practice under gold standard. None are (should be) possible with Bitcoin.