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Hundreds of millions of people have lost their fortunes due to inflation. That's a social problem which would be solved by cryptocurrencies. I can also recomm
by jhh 10y ago
Hundreds of millions of people have lost their fortunes due to inflation.
That's a social problem which would be solved by cryptocurrencies.
I can also recommend this podcast on the topic of current real world applications of Bitcoin: http://www.econtalk.org/archives/2017/02/jim_epstein_on.html http://www.econtalk.org/archives/2017/02/jim_epstein_on.html
- matthewbauer 10y agoWhy not just gold?
- Obi_Juan_Kenobi 10y agoGold is hard. It's hard to get a hold of, it's hard to store securely, it's hard to transport, and it's hard to get people to accept it. If you're really considering gold or Bitcoin, you very likely care about many of those things, and you'll see that Bitcoin has distinct advantages for several of those problems, with a lot of potential to improve.
- mrep 10y ago> Hundreds of millions of people have lost their fortunes due to inflation. Do you have any links or can you explain how people lost fortunes due to inflation? I've read a lot of economics and this is news to me.
- sobani 10y agoActually, my fortune is increasing due to inflation! See, I have this huge loan (mortgage) and every year, due to inflation, this loan effectively becomes smaller and smaller.