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Long term outlook for Bitcoin and Crypto currencies
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That was a ponzi scheme, so perhaps not a fair comparison!Malthusian wrote: »That was the OneCoin sales pitch and it didn't end well
That will be the hard bit. Pegging in some form and I assume a formula to automatically issue new/cancel existing coins. I'll leave it for cleverer people than me to work out how to do it.It isn't possible to create something with price stability out of thin air.
It wouldn't appeal to speculators, but it would appeal to those who want to use it as a currency - which supposedly is what the whole idea is.The problem is that there is no rational reason why anyone would hold such a cryptocurrency. The crypto-dollar and the dollar should have exactly the same price, but the dollar can be used to pay your tax bill while the crypto-dollar can't.0
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