Comment: Credit markets...

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Credit markets...

require a stable currency. If the value of a currency goes up too quickly then nobody wants to lend it. And if the value goes down too quickly then nobody wants to borrow it. This is why bitcoins are not a real currency. The value fluctuates too wildly. Mises preferred gold and other metals because of their relatively stable value over time which allowed for credit markets to develop.

Bitcoins are just a speculative investment. Like beanie babies in the 90's.

Also, in the real world and universe when the chart of something goes vertical, like the bitcoin value charts are doing right now, it means something is about to explode destructively or plummet to the earth due to a lack of further energy to expend. Pump and dump, rinse and repeat.

tick.. tick... tick.. tick.. tick...

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~wobbles but doesn't fall down~