Quote: "“On the other hand, one of the things you’ll see with digital currency is how wildly the value swings. The question is will there ever be a digital currency that is stable enough to become as widely used as a government one."
Right. THe Euro on the other hand is very stable. Just loses 30% of its value in a year. Seems much better then something that appreciates 30% in 1 year. Where does that fine line of definited "Stability" actually start and end?
> “No matter what happens in the world of fintech, you still need a trusted broker of money,” he said. “The roles may change and adapt, but someone needs to be the source of funds and credit.”
(emphasis mine)
This is the previous two generations' ideology concerning money. Stability requires growth; growth requires debt; debt requires credit; credit requires a creditor. Now, the millennial generation is growing up in a global recession with no end in sight. I do not think they will have the same kind of blind faith in easy money when they ascend to power.
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[ 5.1 ms ] story [ 13.8 ms ] threadRight. THe Euro on the other hand is very stable. Just loses 30% of its value in a year. Seems much better then something that appreciates 30% in 1 year. Where does that fine line of definited "Stability" actually start and end?
(emphasis mine)
This is the previous two generations' ideology concerning money. Stability requires growth; growth requires debt; debt requires credit; credit requires a creditor. Now, the millennial generation is growing up in a global recession with no end in sight. I do not think they will have the same kind of blind faith in easy money when they ascend to power.