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by fexl
4717 days ago
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Right, it doesn't seem likely to succeed, especially if these dynamics prevail: "A currency that quintuples in a month, and then loses two-thirds of its value in the following week, is not a currency that inspires confidence in users." A currency that behaves that way is a currency that appreciates 67% every five weeks. That will not be sustainable for long without hyperinflation. It will also inspire confidence in people who buy the dips. |
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