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So to a monetary economist, the fact that Bitcoin cannot manage its exchange rate should be quite unsurprising. It is an upstart digital nation, designed to render capital easily portable (so capital controls are out of the question), and has no authority capable of managing a peg. Bitcoin is able to exercise extreme supply discretion thanks to its asymptotic money supply targeting, but has no mechanism whatsoever to control capital flows, and naturally has no central bank to manage rates. Compare this to Libra, Facebook’s new cryptocurrency, backed by a basket of sovereign currencies. Arguably, it can never become truly permissionless, as some entity must always manage the basket of securities and currencies backing the coin.продать ethereum отзывы ethereum bitcoin scripting bitcoin convert bitcoin freebie ethereum отзывы bitcoin income 2016 bitcoin ethereum telegram bitcoin баланс
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