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
-
@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 riskThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@NickSzabo4@alexberegszaszi slowly BTC will have to bootstrap up the more volume, now clarity, less volatility curve. -
@polemitis@alexberegszaszi Key is diversity of use for pmt & store of value, not volume of FX. -
@NickSzabo4@alexberegszaszi not.sufficient. easy to manipulate thinly traded markets
End of conversation
New conversation -
-
-
@NickSzabo4@alexberegszaszi the way to bootstrap is useful must have applications, vol hedging will follow if there is usage -
@polemitis@alexberegszaszi You don't need FX at all to have a very useful currency. Just outsiders won't get good signal of its value. -
@NickSzabo4@alexberegszaszi autarkic economic models have not proven so effective in practice, hence trade, hence an FX rate -
@polemitis@alexberegszaszi@stacyherbert But FX can be decentralized (e.g. street vendors). Institutional FX source not cure of volatility. -
@NickSzabo4@alexberegszaszi@stacyherbert it is all of the above I think. and you won't get to serious volume w/street vendors.
End of conversation
New conversation -
-
-
@polemitis@alexberegszaszi Solution is to target (sub-)economies with even bigger problems, e.g. where currency even more volatile. -
@NickSzabo4@alexberegszaszi I am wondering when the Venezuelans will figure this out... :)
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.