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> By stabilise I mean stops growing in value by 50%/yr with big short term swings of 80%.

Yeah, so that can't happen unless it's used for actual trade more than it's hoarded, which can't happen unless it's inflationary.





Not at all. It naturally stabilises the closer it gets to its ultimate market cap. The more it stabilises the more it will be used as a medium of exchange.

There is no evidence for this. When gold and gold-backed currency were used for trade, it fluctuated in value wildly and there were several depressions each decade. After centrally-issued fiat currency was introduced, it had a much more stable value, since it could be issued counter-cyclically.



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