3 ms·
They solve imaginary problems and already solved problems, but poorly.
by james_s_tayler 7y ago
They solve imaginary problems and already solved problems, but poorly.
- darawk 7y agoIf you think inflation is an imaginary problem, sure. But literally all of finance would disagree with you.
- james_s_tayler 7y agoI think it's a real problem already solved by hedging with real non-crypto things. Don't need crypto for that.
- darawk 7y agoAll of the other mechanisms of hedging inflation have issues. Crypto has issues too, of course, but the important point is that it's issues are different and uncorrelated to traditional inflation hedges. If you can hedge the same risk in more than one way, you should, because it will reduce your overall volatility.
- james_s_tayler 7y agoCrypto wasn't designed to hedge inflation. If that's all it's good for then the idea failed.