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by tbabb 3098 days ago
This article talks in more detail about that: http://www.bzarg.com/p/what-bitcoin-shows-us-about-how-money...

Bitcoin is a bad currency because it doesn't count value consistently. And it never could, because there is no central bank to regulate supply to balance an inevitably fluctuating demand.

1 comments

you don't think an open market could create that equilibrium? Particularly when the coin is out of the adoption phase?
No. How would it?