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0 sats \ 4 replies \ @didiplaywell OP 28 May \ parent \ on: The Paradox of Bitcoin Adoption bitcoin
Again, I'm in no way pretending to eliminate any possible source of noise so that a tendency is a perfect mathematical line with zero variance. I said "volatility unbearable to allow full adoption", not absence of volatility. We can't say "USD haves a 2% volatility rate, BTC 50%, so since they both have volatility, bot are equally bad/god as units of account, no distinction, you can use either USD or BTC to set prices right now, won't note a difference". As for "inflationary or deflationary does not decrease or increase volatility", that's just not true, I can tell you from first hand experience in Argentina.
inflationary or deflationary does not decrease or increase volatility Volatility does not need to be going down in value, if bitcoin can pump 50% in a month, that's an extreme volatile for an economy. And vice versa.
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Again, we are not debating Bitcoin as an asset, but as a unit of account.
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An asset is what it is. Unit of account is its function
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That's not an arbitrary decision. An asset can or can not qualify as a unit of account. If it does, it can be used as currency. Bitcoin doesn't, yet. Bitcoin arriving there, is what the paradox is about.