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Is bitcoin a scam? Or is the notion of decentralized money a scam? Sad if we must bow to the various central banks that will rise, fall, and inflate their cur
by eof 8y ago
Is bitcoin a scam? Or is the notion of decentralized money a scam?
Sad if we must bow to the various central banks that will rise, fall, and inflate their currencies to nothing until the heat death of the universe.
- asdsa5325 8y agoYou have a narrow view of economics if you think inflation is a problem. Inflation is great for our economy, since debt holders can use less purchasing power to pay off their fixed-rate debts.
- eof 8y agoI don't think inflation is (necessarily) a problem. I do think that some people benefit immensely from being "close to the source" of money creation; and especially when times get tough, those with access to this fountain benefit at the peril of the masses who are using the currency. There are cryptos with inflation built in, probably in whatever most ideal form you or anyone thinks is correct. Or, I might say: You have a narrow view of bitcoin if you think stopping inflation is the problem that it's solving.