Post
Topic
Board Economics
Re: Why Bitcoin Will Never Be a Currency—in 2 Charts
by
hilariousandco
on 16/12/2013, 12:50:39 UTC
http://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/

Quote
What Bitcoin really needs is a central bank to stabilize its value. When the demand for Bitcoin goes up, they need to print more to keep it from skyrocketing.

This guy might has an idea of Economics but definitely does not understand Bitcoin!

Jeeze, cryptoplebs. It already is a currency. And I don't think he has a great understanding of economics at all. It's the banking institutions that got us into this mess and printing more money just devalues cash.