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A comment on Bitcoin hits 3-year peak, nears record high on U.S. ETF approval. Parent comment

Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by jhh on Thursday February 23, 2017 @04:29PM (#13717970)
Hundreds of millions of people have lost their fortunes due to inflation.

That's a social problem which would be solved by cryptocurrencies.

I can also recommend this podcast on the topic of current real world applications of Bitcoin: http://www.econtalk.org/archives/2017/02/jim_epstein_on.html

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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by mrep on Friday February 24, 2017 @01:27AM (#13721527)
> Hundreds of millions of people have lost their fortunes due to inflation.

Do you have any links or can you explain how people lost fortunes due to inflation? I've read a lot of economics and this is news to me.

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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by sobani on Friday February 24, 2017 @04:40AM (#13722289)
Actually, my fortune is increasing due to inflation! See, I have this huge loan (mortgage) and every year, due to inflation, this loan effectively becomes smaller and smaller.
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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by matthewbauer on Thursday February 23, 2017 @06:44PM (#13719076)
Why not just gold?
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Re:Bitcoin hits 3-year peak, nears record high on U.S. ETF a... by Obi_Juan_Kenobi on Thursday February 23, 2017 @07:07PM (#13719290)
Gold is hard.

It's hard to get a hold of, it's hard to store securely, it's hard to transport, and it's hard to get people to accept it.

If you're really considering gold or Bitcoin, you very likely care about many of those things, and you'll see that Bitcoin has distinct advantages for several of those problems, with a lot of potential to improve.

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