Re:Flaws in Bitcoin make a lasting revival unlikely
by aserafini on Thursday March 28, 2019 @05:28AM
(#19510579)
The poorest members of society are not disproportionately indebted: they don’t have mortgages or student loans like the middle class.
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Re:Flaws in Bitcoin make a lasting revival unlikely
by oarsinsync on Thursday March 28, 2019 @07:32AM
(#19511122)
The interest rates on their debt is generally higher than inflation, so they're still losing, just losing fractionally less than they were before.
Those without without debt are also losing, less than those with debt, but still losing.
Only people winning are the people with enough spare capital to 'participate'
Re:Flaws in Bitcoin make a lasting revival unlikely
by chii on Thursday March 28, 2019 @09:23AM
(#19511905)
the interest on debt will take into account inflation, so as a poor individual with debt, inflation doesn't help you.
Re:Flaws in Bitcoin make a lasting revival unlikely
by ForHackernews on Thursday March 28, 2019 @09:31AM
(#19511973)
All interest everywhere "takes into account" inflation, which is part of why I don't get how anyone gets so worked up about it.