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Re:Hard Problems in Cryptocurrency: Five Years Later by koheripbal on Sunday November 24, 2019 @09:35AM (#21620644)
As long as coins are designed as a store of value rather than an actual currency, they will have limited use-cases.

People need to get over the concept of inflation. Inflation is GOOD.

Re:Hard Problems in Cryptocurrency: Five Years Later by whb07 on Monday November 25, 2019 @09:40AM (#21628458)
Can you describe to me how inflation is good for a household? The literature you've probably seen is ex post facto about inflation trying to convince themselves and the world that the inflationary behaviors that were done are "good".

"So every year, your savings get watered down and you lose wealth", is not what one wants to hear.

Re:Hard Problems in Cryptocurrency: Five Years Later by koheripbal on Monday November 25, 2019 @02:22PM (#21631720)
Inflation is good for an ECONOMY because it ensures that currency is not sitting on the side lines, but being actively invested wherever possible. ...so the velocity of money is increased, and hence volatility is decreased.

The negative impacts of volatility on the economy are very well documented.

Inflation has zero impact on a household as long as their savings are kept in assets other than cash.

Re:Hard Problems in Cryptocurrency: Five Years Later by whb07 on Tuesday November 26, 2019 @10:12AM (#21638904)
So unless you're hiding bags of gold underneath your bed as "saving" then that money is going to circulate across the economy naturally as investment. But it is sort of weird that any single person/group can fully know what is best for all individual actors in an economy (not possible).

Lastly, to say that a currency losing 99% of its value over time is not damaging to a household is either ignorance or corruption. The lower tiers of society furthest away from the money printer are the ones that are impacted the most. Coincidentally, I'm going to assume you want to help these tiers the most but end up hurting them.

There is something called the Cantillon effect, where those closest (banks, those connected to the gov) to the "stream" of money get benefited while those furthest away (regular people) get hurt.

Re:Hard Problems in Cryptocurrency: Five Years Later by seibelj on Sunday November 24, 2019 @10:29AM (#21620942)
Inflation is good for governments who want to reduce their debt obligations denominated in their own currency, and it encourages economic activity.

It’s bad if you have little money, your wages don’t raise automatically with inflation, and every year what little you have has been reduced in value 1 to 10%.

I as a homeowner with a government-subsidized 30 year fixed rate mortgage love it however, as what I pay for my asset each month is less and less as inflation helps me and the tax payers finance my wealth creation. Renters, not so much!

Re:Hard Problems in Cryptocurrency: Five Years Later by Nursie on Sunday November 24, 2019 @02:34PM (#21622725)
It's irrelevant if you have little money. "The poor" don't give a fuck about inflation.