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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16656007" data-attributes="member: 131770"><p>Just about every cryptocurrency has a small market share and capitalization. As such, it is highly dependent on other currencies and cannot stand alone. Since a central bank controls the money supply and the monetary policy, it can either allow crypto to exist or be hostile to it. Cryptocurrencies are always at risk of being cut out of intermediation and surveillance. As such, the cryptocurrency system has countercyclical effects and is therefore dependent on an elastic supply of money. As speculation continues to drive crypto purchases, it leads to more volatile spending. Credible currencies have price anchors to mediate speculation by having mechanisms in place to prevent high volatility.</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16656007, member: 131770"] Just about every cryptocurrency has a small market share and capitalization. As such, it is highly dependent on other currencies and cannot stand alone. Since a central bank controls the money supply and the monetary policy, it can either allow crypto to exist or be hostile to it. Cryptocurrencies are always at risk of being cut out of intermediation and surveillance. As such, the cryptocurrency system has countercyclical effects and is therefore dependent on an elastic supply of money. As speculation continues to drive crypto purchases, it leads to more volatile spending. Credible currencies have price anchors to mediate speculation by having mechanisms in place to prevent high volatility. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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