shutosha on Nostr: I wasn't alluding to a hard pegging .. Ultimately a stable exchange rate would evolve ...
I wasn't alluding to a hard pegging ..
Ultimately a stable exchange rate would evolve because market reaches an
Equilibrium.. just like there is a stable peg between USD and all other currencies .. and there is one between gold and silver ..
Sure they fluctuate but spread markets automatically develop if there is enough interest in exchanging the commodities
Ultimately a stable exchange rate would evolve because market reaches an
Equilibrium.. just like there is a stable peg between USD and all other currencies .. and there is one between gold and silver ..
Sure they fluctuate but spread markets automatically develop if there is enough interest in exchanging the commodities