Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'
iopq@lemmy.world 3 weeks agoSame thing happened to the Argentine peso, let’s not pretend if you make a government currency it’s magically stable
Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'
iopq@lemmy.world 3 weeks agoSame thing happened to the Argentine peso, let’s not pretend if you make a government currency it’s magically stable
Lumisal@lemmy.world 3 weeks ago
The Argentine peso crashed and then stayed down. That’s actually a sign of stability, because it’s remaining at a constant, not jumping up and down wildly.
It didn’t crash only to go back to original value to the decrease by half and undulate like a wave, like Bitcoin and other crypto does.
iopq@lemmy.world 3 weeks ago
What are you talking about? It crashed, then crashed again, then crashed again. How is that stable?
Lumisal@lemmy.world 3 weeks ago
You mean all crashes then? The 3 that have happened in over ONE HUNDRED YEARS?
You can’t be fucking serious to compare that fluctuation with Bitcoin’s
iopq@lemmy.world 3 weeks ago
It crashed ten times since 1975