5 ms·
It’s a tale as old as time unfortunately. Currencies have been debased for centuries. It won’t change until we have actual hard money that can’t be debased by
by amjnsx 3y ago
It’s a tale as old as time unfortunately. Currencies have been debased for centuries.
It won’t change until we have actual hard money that can’t be debased by leaders/bankers/politicians.
- deleted 3y ago[deleted]
- diogenes4 3y agoSorry, is there any reason to expect money to revert to behaving like gold any time soon? Sounds suspiciously like crypto tripe. Why would that be beneficial anyway? The relative purchasing power of poor countries won't change without some serious shifting in resource distribution worldwide.
- latchkey 3y agoI saved this comment a while ago... https://news.ycombinator.com/item?id=26238410 https://news.ycombinator.com/item?id=26238410
- futureamish 3y ago[flagged]
- rando_dfad 3y agoHard as gold, perhaps? That creates other issues. Volatility, for one.
- ImHereToVote 3y agoGold creates hoarding behavior. Bitcoin has the same down side. Currencies need to have elasticity. The problem is how the elasticity happens. It can't be controlled by private interests. This is an unsolved monetary problem. I don't think it's unsolvable though.