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But Fiat currencies also inflate/deflate. Just that that rate is slower comparatively that's why it is reasonable to rely on them in short span of time. In lon
by crazyfundu 8y ago
But Fiat currencies also inflate/deflate. Just that that rate is slower comparatively that's why it is reasonable to rely on them in short span of time.
In long run if you aren't accounting for inflation/deflation then you are on losing end. For example, how often we hear that $10000 for that period..buy much more in today's world.
PS: I am not trying to argue but putting across a counter point. I am not an expert niether in crypto or in economics.