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This seems to reinforce the analogy rather than rebut it. Your coins can still very suddenly go from being worth X worth of goods or services to .01X. It's mayb
by wils1245 9y ago
This seems to reinforce the analogy rather than rebut it. Your coins can still very suddenly go from being worth X worth of goods or services to .01X. It's maybe even worse with crypto, since the only things you can currently buy are dollars or other coins.
The ability to "shape shift" your declining currency to better ones assumes you can out-speculate the market in knowing when to exit, and which coins to buy.