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Do you have any thoughts on the scenario I described?
by natrius 12y ago
Do you have any thoughts on the scenario I described?
- tptacek 12y agoBitcoin is an especially bad store of value. It is subject to stark and unpredictable devaluation, followed by manic upswings that increase its volatility and harm its utility to normal business, which selects out the boring currency users that would be the backbone of a sane valuation and selects in toxic speculators that amplify its volatility in the next iteration of the cycle.