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by beefield
3119 days ago
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Why would you expect bitcoin to stabilize? I see no mechanism that would do that. Gold has had thousands of years of use as money-like instrument, and only periods of relative (nominal) stability during the last century or so have been when there have been organizations (central banks) to keep that stable. http://www.macrotrends.net/1333/historical-gold-prices-100-y... (be sure to play around with the "inflation adjusted" checkbox) |
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