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> I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year. Countries w
by HWR_14 4y ago
> I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year.
Countries with hyperinflation lend to not have a ton of assets. Even if this were a use-case, it doesn't seem to justify anywhere near the valuation of BTC or other crypto.
And why on earth you would you use BTC as opposed to a stable-coin in that case?
- BlueTemplar 4y agoBecause stablecoins - aren't ? (Well, maybe in the medium term, I guess this can fit some use cases, but the illusion of stability still seems to be a concern ?)