3 ms·

bitcoin fixes this

• UncleMeat 4y ago
  That would be true if the only way to create a failed currency was to print it to death. But we've observed cryptocurrencies with mining caps collapse to $0 in the same way as a fiat currency.
  • datadata 4y ago
    Fair to say bitcoin fixes this particular large and important class of currency failure, by taking away the power to print it to death?
    • UncleMeat 4y ago
      Yes, while introducing a host of other very serious problems.
    • albntomat0 4y ago
      That it does, but I understand that Bitcoin's deflationary by default nature has also been criticized. Bitcoin also adds new failure cases such as irreparably losing money through address typos and lost/failed hard drives, not to mention the numerous & exciting failures in DeFi.
• deleted 4y ago
  [deleted]
• narrator 4y ago
  A friend of mine lives in Argentina. He pays his living expenses in Bitcoin to other Argentinians. They are very happy to take it, even without legal tender laws because it doesn't rapidly regularly devalue like the Argentinian currency.