What would the devil say about Bitcoin volatility?,http://marginalrevolution.com/marginalrevolution/2013/04/the-devils-defense-of-bitcoin-volatility.html …
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Replying to @tylercowen
@tylercowen Surely you’d agree volatility matters much much less if Bitcoin is never used as a unit of account.1 reply 0 retweets 0 likes -
Replying to @elidourado
@elidourado The devil say this volatility is just totally awesome and why is he wrong?1 reply 0 retweets 0 likes -
Replying to @tylercowen
@tylercowen Geometric vs arithmetic averaging, no?1 reply 0 retweets 0 likes -
Replying to @elidourado
@elidourado Two exchange rates, a 2x movement in one direction or the other, why aren't both parties happy ex ante?3 replies 0 retweets 0 likes
Replying to @tylercowen
@tylercowen @elidourado A lesson of two envelopes: mouthing "50% it doubles, 50% it halves" is easier than such a situation really existing.
6:00 AM - 11 Apr 2013
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