> is not clear what is better Yes it is. Imagine an economy with both ultra high interest rates and very high deflation at the same time. Let's say CPI growth

> is not clear what is better Yes it is. Imagine an economy with both ultra high interest rates and very high deflation at the same time. Let's say CPI growth somehow falls to - 20% and the Fed decides to hike interest rates to + 20%* (and has no way to tweak or stop this policy anymore) what do you think would happen? > why HN is so anti-crypto Because it would not work as a replacement for $/€/etc. due to very objective and clear reasons anyone with an even cursory understanding of modern economics would understand. > let's say the earth is over-populated Let's say a nuclear holocaust occurs and everybody starts using bottle-caps as currency. Of course you're suggesting we should start using bottle caps (a close 100% accurate physical equivalent of bitcoin in post-apocalyptic society which posses no mean to make more caps) before the nuclear holocaust for some reason...