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Bitcoin is by far the best hedge against inflation. All assets tend to zero in Bitcoin terms, long term. This has been true for the last 12 years and will cont

Bitcoin is by far the best hedge against inflation. All assets tend to zero in Bitcoin terms, long term. This has been true for the last 12 years and will continue to be true.

CyberDildonics 6y ago
This is groupthink propaganda nonsense. Bitcoin can only do 1.5KB/s of transactions and the average transaction costs $26. Any rapid decrease in price will lead to rapid decreases in mining and thus transaction throughput. Does this seem like the future of financial transactions to you?
- scotty79 6y ago
  Transaction throughput doesn't depend on network hashrate. It gets adjusted to keep fixed througput.
  - CyberDildonics 6y ago
    In the short term it does. The block difficulty adjusts but not immediately. If hash rate drops rapidly, the time between blocks will lengthen, the time to adjustment will lengthen and the throughput will drop.
    - scotty79 6y ago
      Yes. Bitcoin adjust difficulty to hash rate every two weeks. So if you drop hashrate more rapidly than that you can have lower transactuon throughput for up to two weeks. One on average.
TomSwirly 6y ago
> All assets tend to zero in Bitcoin terms, long term. Good luck with _that!_