Re:What Bitcoin’s White Paper Got Right, Wrong and What We S...
by shajznnckfke on Saturday October 31, 2020 @06:50PM
(#24955845)
> Inflation is a vector NOT a real number, any asset that people care about has become generally unaffordable i.e: housing, education, healthcare.
Inflation is not the cause of unaffordability in those areas, the cause is limited supply. Using bitcoin as our currency wouldn’t make more houses, more medical professionals, or less administrative bloat in universities. However, it would probably mean a complete collapse of the economy during times like these when a central bank can intervene to stabilize things.
Inflation is not the cause of unaffordability in those areas, the cause is limited supply. Using bitcoin as our currency wouldn’t make more houses, more medical professionals, or less administrative bloat in universities. However, it would probably mean a complete collapse of the economy during times like these when a central bank can intervene to stabilize things.