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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Replying to @polemitis
@polemitis@NickSzabo4 I would say this proves that large market cap won't necessarily safeguard from volatility.3 replies 0 retweets 1 like -
Replying to @alexberegszaszi
@alexberegszaszi@polemitis Currencies the use of which is spread among greater diversity of transactions are less volatile.2 replies 1 retweet 2 likes -
Replying to @NickSzabo4
@NickSzabo4@alexberegszaszi all true, but my point is that it is way too early to worry about BTC volatility,still early days2 replies 0 retweets 0 likes -
Replying to @polemitis
@polemitis Daily forex market = $5.3 trillion per day; rouble turnover = roughly $85 billion per day.@NickSzabo4@alexberegszaszi3 replies 0 retweets 3 likes -
Replying to @stacyherbert
@stacyherbert@polemitis@alexberegszaszi Venezuela double whammy: currency dominated by 1 commodity _and_ bad government.1 reply 0 retweets 2 likes -
Replying to @NickSzabo4
@NickSzabo4@stacyherbert@alexberegszaszi the latter is the bigger problem. well managed oil economies are not same type of basket case2 replies 0 retweets 2 likes
@polemitis @stacyherbert @alexberegszaszi True: Norway & Saudi Arabia are doing far better than Russia & Venezuela.
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Replying to @NickSzabo4
@NickSzabo4@stacyherbert@alexberegszaszi exactly the two countries I had in mind0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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