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The fact it would be great (if you could preserve 1/1000th of a country's wealth this way) is precisely one of the reasons why Bitcoin succeeds. You may argue
by mrb 13y ago
The fact it would be great (if you could preserve 1/1000th of a country's wealth this way) is precisely one of the reasons why Bitcoin succeeds.
You may argue "it should not be this way" but people are tired of losing 20%+ (in some countries, 3-4% in the US) of their wealth yearly due to inflation.
Bitcoin elegantly fixes a very real problem of inflation. You cannot wave your hands telling people "this is the way things should be, deal with it".
- deleted 13y ago[deleted]