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A Macroeconomics Perspective on Cryptocurrencies

Life Itself Podcast

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How Do You Think Bicoin Will Work?

If we were to treat a bit coin as functioning as money, obviously it's not currently kindof widely cept at the moment. Unlike the fiat system, like the canadian dollar, or the british sterling, or the dollar, there isn't a variable supply of it. There's a fixed supply, s 21 million bicoin that will only ever exist. And so in that level, necessarily you're going to have amore volatile price, which is not good.

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