3 ms·

Bitcoin is hobbled as a banking reserve system as it is deflation biased and fixed in quantity, making it extremely difficult to accommodate any crisis.

• superuser2 13y ago
  That is rather the point, isn't it? Without the vocal support of libertarians who like it precisely because it can't inflate or be manipulated, would it ever have become his popular?
  • deleted 13y ago
    [deleted]
  • kaonashi 13y ago
    The point is to make the financial system more fragile?
    • superuser2 13y ago
      To make it independent of and impervious to government.
      • kaonashi 13y ago
        An ungovernable currency sounds like as bad a problem as a poorly governed currency.