> In my experience the primary goal for most crypto holders is to be a part of a new elite. as opposed to new banks and funds, who want to be part of the estab

> In my experience the primary goal for most crypto holders is to be a part of a new elite. as opposed to new banks and funds, who want to be part of the established elite? > Needless to say, very few people at least on HN have bragged about owning an inflationary crypto currency. Why? Because they're not getting rich people don't brag about failed businesses either. > Regardless, every government in world history that's pinned their currency to something that's relatively fixed has had a severe depression with some part of that depression being contributed to said pinning. It's just not good economics. yeah but people could afford a home 50 years ago so theres that to consider. you're accounting for the ability to curb the impact of a depressive event, which is good, but an inflationary currency might have a bigger, deeper impact over 40 years than on the surface.