tag:blogger.com,1999:blog-2761684730989137546.post5048049732203875896..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Bitcoin cannot replace the banksmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-10807068388898225372021-02-28T08:33:17.826-05:002021-02-28T08:33:17.826-05:00I thought the whole point of retiring currency, us...I thought the whole point of retiring currency, usually through taxation, was to give that currency a stable value for as long as possible and such stability helped markets to work. You could sell something for currency and expect to be able to buy something of equivalent or near equivalent value in a matter of weeks, even months if not years. When Bitcoin is jumping in value by 10% or more in a day how on Earth could you possible think it has any useful market trading equivalence to a refluxing currency?Anonymoushttps://www.blogger.com/profile/09889336010579375144noreply@blogger.com