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Unsure about what you mean but the current instability of this type of economy is already very high. What with double digit inflation being hard to tackle due
by Vetch 5y ago
Unsure about what you mean but the current instability of this type of economy is already very high.
What with double digit inflation being hard to tackle due to the feedback loop of corruption fueling too few employment opportunities, being import dependent amid rising costs everywhere and then noting the large divergence between black market and official rates, it cannot be said with certainty which is more stable and less risky in the long run. Things are bad enough that putting some money in crypto as a makeshift uncorrelated hedging instrument makes sense.
- supernovae 5y agoCrypto isn't an exception to any of your concerns. Easily manipulated by foriegn governments, no assurance in import/exports, no assurance on value for employment opportunities, ripe for fraud and as for inflation - until Crypto actually behaves like a currency all your doing is betting against the dollar and if the dollar collapses then all you're doing is ensuring instability and perptetuating exactly what you say you solve