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> Bitcoin fixes this. No one has ever explained a better solution to inflation than Bitcoin. Does anyone seriously claim that Bitcoin is currently solving infl
by hiq 5y ago
> Bitcoin fixes this. No one has ever explained a better solution to inflation than Bitcoin.
Does anyone seriously claim that Bitcoin is currently solving inflation? I've heard some claims that it will eventually be the case, but claiming it is already a "solution to inflation" sounds like a stretch even for bitcoin supporters.
Bitcoin was apparently at 30kUSD some time in July this year after reaching 60kUSD in June, while it is now at 48kUSD. I don't see how this indicates that bitcoin is any protection against inflation. Or if it is and you're fine with this kind of volatility, I wonder why you discarded other investments such as stocks.
- nicbou 5y ago"The brakes are not perfect so we removed them entirely"
- senectus1 5y agoif you could wave your magic wand and suddenly BTC was the only currency possible to be used? Yeah that sort of fixes inflation. But the world isn't a computer simulation on a desktop PC and that scenario doesn't and wont ever exist.