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One of the problems with bitcoins and the hype they have enjoyed is that they have been created and bought into by some gullible folks who live more in a hypothetical rather than a real world. Growth in supply is arbitrarily fixed at a descending rate, there are no helpful macro levers to assist, and the single factor of demand is left free and alone to supposedly achieve stable prices? From classic economic theory of value bitcoins have value of exchange. Bitcoins are good for individuals, but very detrimental to the common good.
