I was careful with how I chose my words. I said that a "non-trivial amount of volatility" with Bitcoin could be due to changes with the domestic currency (such as QE).
Alright. Apologies in order.
I simply mistook when you said "non-trivial" to be implying that the forex markets were responsible for the vast majority of the volatility when in fact you were implying the opposite. This was the linchpin of my misunderstanding.
Now I understand you were arguing for something that I would consider trivial, relative to the conversation as it had existed before you came in. Thus, I totally misunderstood.
Sorry if I offended you. I assumed you were an Austrian ideologue and treated you as such (not a huge assumption considering we are in the Economics portion of the Bitcoin forums
).So again. Sorry if I offended you. I does seem that you were honestly trying to contribute to the discussion with mainstream economic theory. I appreciate that.
No apologies necessary. Sometimes things get lost in translation on forums.
So, I apologize for the detour, let's get the thread back on track...