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November 27, 2016, 04:25:06 PM |
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The argument could be made that Bitcoin is the ultimate litmus test for any other currency.
If your currency unit values Bitcoin highly, like the Naira, then it means your currency is a heaping pile of shit, since so many units of your crap currency is represented by a small portion of Bitcoin.
This goes for the dollar, yen, euro and the rest too.
Use this as a guide, like you would Credit Default Swaps for a sovereign state's overall rating -- if it takes more units of their fiat currency, then it means their system is in decline.
Someone should make an index based on that idea, alone. It would be interesting to track.
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