Re:Bitcoin is a disaster
by candiodari on Friday January 01, 2021 @05:37AM
(#25602274)
every currency transaction creates this risk. Nothing to do with Bitcoin. I suppose you could say that this is a problem Bitcoin doesn't fix ... but judging by the Bitcoin market cap, it's not as much as a problem as normal banks.
[ Parent
| on HN ]
> every currency transaction creates this risk.
This is a disingenuous straw man and a desperate attempt to brush away Bitcoin's failure as currency. The OP explicitly referred to cryptocurrencies' inherent high volatility, and volatility is not a mere transaction risk. Seeing your debt explode, because you either borrowed or deferred payments, due to cryotocurrency volatility is not a transaction risk. It's simply the fact that cryptocurrency fails as being money.