Nick Szabo  🔑

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

@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.

@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