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SilkRoad On The Verge Of Collapse; Suffering Massive Hyperdeflation

http://au.businessinsider.com

We’ve written on the hyperdeflation problem before. Basically, with Bitcoin prices surging, nobody wants to buy anything, you just want to hold onto your Bitcoins. Conversely, when they collapse, nobody wants to sell. So volatility means nobody wants to transact in Bitcoins, because there’s a good chance that the next day someone will feel like a fool.

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Deslock Darkstar's picture
Created by Deslock Darkstar 50 weeks 20 hours ago – Made popular 50 weeks 17 hours ago
Category: Internet Issues   Tags:

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