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The Effect of Price Fixing on the Economy
The only actual way the volatility leaves Bitcoin is when it's fully monetized. If you try to interfere with that, it's like, you can't even call it unintended consequences at this point. There's no such thing as a planless or headless market; there's a market process which takes into account everyone's wants and needs but not arbitrary central planners' desires. The whole narrative falls apart once you realize that these categories of wealthy and poor are not fixed.