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Both systems contain massive speculator involvement. Only one system contains single overarching actor with ability to manipulate values at will. Pretty obviou
by alexeisadeski3 13y ago
Both 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.