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Bitcoin, The Dollar And Facebook’s Cryptocurrency: Price Volatility Versus Systemic Volatility

Bitcoin, The Dollar And Facebook’s Cryptocurrency: Price Volatility Versus Systemic Volatility

Amid bitcoin’s wild price swings, it’s worth remembering Bitcoin as a system was designed for systemic stability rather than price stability. In stark contrast, fiat currency systems were designed for price stability–at the cost of periodic instability in traditional financial systems.






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