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> How is it different? You don't get 50% dilution of your savings within a year. > How many goods and services can you pay for with cryptocurrency where you l
by csomar 5y ago
> How is it different?
You don't get 50% dilution of your savings within a year.
> How many goods and services can you pay for with cryptocurrency where you live?
In a liquid market, you can convert your weekly needs and pay using cash.
> What if your government's goons (or private goons for that matter) hit you with a rubber hose and steal your coins?
If they are going to do that (and some countries do that), they'll start with bank accounts and visible shit (goods moving in the street).
- EliRivers 5y agoYou don't get 50% dilution of your savings within a year. Although if you're measuring bitcoin against the USD, you could have done that in May :)
- xur17 5y agoBTC isn't the only option if you are using crypto. Especially in emerging markets, stablecoins seem to be a popular choice.
- splintercell 5y agoThe article implies that almost all of this cryptocurrency is in USDT,So that argument doesn’t apply.
- csomar 5y agoCurrencies inflate only. Bitcoin fluctuates. It's not the same kind of exposure. (though a consumer might have a hard time catching the upside and avoiding the downside).