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Problem with gold is that it is also inflationary only difference is it is mines that "print" more gold instead of a central bank. Cryptocurrencies are better
by HNfriend234 5y ago
Problem with gold is that it is also inflationary only difference is it is mines that "print" more gold instead of a central bank.
Cryptocurrencies are better since they have geometric decay built into the algorithm to make them deflationary by default.
- DylanBohlender 5y agoPrecious metals are also risky long-term in that we don't know how "precious" they truly are in a solar system-wide context. We can make well-informed guesses, but until there are boots on the ground of the Moon, Mars, and the asteroid belt, we can't know for sure.
- spurgu 5y agoThen again you can create new cryptocurrencies out of thin air.