SailorSamba
The so-called Bitcoin's sharp rise and fall cannot be used as a currency; this is a misconception. The volatility is a result of valuing Bitcoin in fiat currencies like the US dollar. Bitcoin itself does not need to be valued in other currencies. Bitcoin does not have a management institution like the Federal Reserve, and there is no need to regulate its supply, which means no need for current monetary policy. It is simply a commodity pricing tool, with no concern for how much, or with a supply that is always appropriate. Money no longer directly affects actual welfare. This is the true meanin
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