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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@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.
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@NickSzabo4@alexberegszaszi not.sufficient. easy to manipulate thinly traded marketsThanks. Twitter will use this to make your timeline better. UndoUndo
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@polemitis@alexberegszaszi Ruble shows can have high FX volume but if economy dominated by 1 commodity can be v. volatile.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@polemitis@alexberegszaszi Also dominance by bad gvmts (e.g. Argentine peso) make for volatile currency -- need jurisdictional diversity.Thanks. Twitter will use this to make your timeline better. UndoUndo
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