Quote:
Originally Posted by verticaldoug
If your 'currency' is volatile, it just introduces more volatility into the economic system. If you think about the economy long term, people want a relatively stable system so they can plan and make rational decisions.
With a volatile currency, this becomes impossible. It's why currency crisis are so destructive to economies.
All you have to do is watch the El Salvador experiment with crypto, and you realize what a unmitigated disaster this is. You layered a volatile speculative currency over a country with economic problems and incinerated it.
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I understand but is this bitcoins fault?