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The beauty of all money being electronic is that it will make it practical to have an hyper-inflation. Which given how irresponsible the central banks and gover
by cm2187 4y ago
The beauty of all money being electronic is that it will make it practical to have an hyper-inflation. Which given how irresponsible the central banks and governements are is only a matter of time.
- messe 4y agoOnly as long as the central banks don’t run into integer overflow (or poorly implemented bigint algorithms bringing trading to a near standstill)
- cm2187 4y agoWell, we all know it's all COBOL. I was born too late to know the answer, I am only in my 40s.
- mtoner23 4y agoAre they really so irresponsible? the past 50 years has been a period of incredible competence in central banking all things considered.
- cm2187 4y agoThe first 30 of the past 50 years you mean.
- logicchains 4y agoNot if you measure competence in terms of how much value the USD lost over the past 50 years vs the 50 years before that.
- prottog 4y agoVery quickly off the top of my head, we've had the savings and loan crisis of the 80-90s, Black Wednesday in '92, the Great Financial Crisis, and the European sovereign debt crisis. I don't think the world can handle any more competency in central banking.