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If there is inflation in non-local currency, wouldn't that point to massive supply chain problems on the ground. Can't fault currencies for that. BTC is not he
by wjnc 9y ago
If there is inflation in non-local currency, wouldn't that point to massive supply chain problems on the ground. Can't fault currencies for that.
BTC is not helping Venezuela since there is a state induced apocalypse going on. No currency can help with that.
With less extreme inflationary events, like bad monetary policy, that do not destroy all supply chains, currencies like BTC should be able to help retain wealth.
- rbanffy 9y ago> wouldn't that point to massive supply chain problems on the ground I'd like to point out such problems can be easily manufactured if some points in the supply chain are heavily concentrated.