Russia: $2T GDP, $ XXXB M1, nukes, yet ruble has 40%+ volatiliy in < 30 days. Puts BTC ( <$1B GDP, $5B M1, no nukes) volatility in context
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@polemitis@NickSzabo4 I would say this proves that large market cap won't necessarily safeguard from volatility.
@alexberegszaszi @polemitis Currencies the use of which is spread among greater diversity of transactions are less volatile.
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@NickSzabo4@alexberegszaszi all true, but my point is that it is way too early to worry about BTC volatility,still early days -
@polemitis@alexberegszaszi Catch-22: don't want to use because too volatile, grows slow, remains volatile -
@NickSzabo4@alexberegszaszi more complex than that. No institutional grade trading, hedging infrastructure, low volume, regulatory risk
End of conversation
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@NickSzabo4@alexberegszaszi b/c on any metric, ruble is orders of magnitude more transacted than BTC and still this vol is possibleThanks. Twitter will use this to make your timeline better. UndoUndo
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