Post
Topic
Board Economics
Re: Is bitcoin too volatile?
by
AtheistAKASaneBrain
on 24/01/2015, 13:29:37 UTC
WHen the US Colonies were first established each State had it's own currency, and exchange rates were likely a bit volatile. It wasn't until a single currency (the Dollar) emerged that things settled down. It's possible we're seeing the same with cryptocurrencies today...with the difference being that the strong contender to be the single cryptocurrency already exists, bitcoin.
It's not  the same tho. Dollar is under severe regulations, Bitcoin is true free market, so not sure if it can be as stable without extreme regulations.