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Sorry, I mean a runaway inflation that led to trillion dollars bills to buy bread, as well as the impossibility to anticipate costs of look g projects without r
by Iv 9y ago
Sorry, I mean a runaway inflation that led to trillion dollars bills to buy bread, as well as the impossibility to anticipate costs of look g projects without resorting to foreign currency.
- 0x006A 9y agowhat would a blockchain solve that any foreign currency would not do in that case? whats the benefit of a blockchain based system compared to dollar or euro cash in such a situation?
- gbersac 9y agoA blockchain is run algorithmically and you can't change the rules as you will. There's no way to create a lot of bitcoin out of nothing (except a hard fork, which mean creating a new blockchain), that prevent inflation.
- ska 9y agoInflation isn't caused by creation of currency.
- Iv 9y agoCounterfeiting and limited supply.