0 sats \ 0 replies \ @Undisciplined 11h \ on: Bitcoin Economics And Finance Survey bitcoin
Here's a spectacularly stupid tidbit summarizing Baur and Dimplf (2017):
They declare Bitcoin as unfit to be used as currency since the high volatility feature adversely affects its store of the value property.
As though rapid, but volatile, appreciation is less desirable than smooth depreciation, for a store of value.
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