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I personally suspect it's a really bad idea to replace monetary policy with a fixed deflationary currency. But independently of that people should not be holdin
by pedrocr 9y ago
I personally suspect it's a really bad idea to replace monetary policy with a fixed deflationary currency. But independently of that people should not be holding currencies as assets for more than very short term needs and emergency funds so if the comparison is Cryptocurrency vs Dollar then cryptocurrencies have a very long way to go before they're even half as good as fiat currencies for day to day transactions (nobody accepts them, they fluctuate too much, etc). If the comparison is Cryptocurrency vs Assets then I'd rather use as a store of value actual scarce and useful assets like companies and land than things that are useless by design like gold and bitcoin. If central bankers are untrustworthy is not really relevant for any of the two discussions.