Cryptocurrency Is an Abject Disaster

Re:Cryptocurrency Is an Abject Disaster by gher-shyu3i on Monday April 26, 2021 @02:50PM (#26946425)

They'll buy it if it doesn't go up either (and doesn't go down obviously). Hedging against inflation is a huge benefit.

[ Parent | on HN ]

Re:Cryptocurrency Is an Abject Disaster by DataGata on Tuesday April 27, 2021 @11:22AM (#26957153)

If it were a hedge against inflation, it would behave like a hedge against inflation, and yet it shows no similar characteristics to preexisting inflation hedges? hmmmmm

[ Parent | on HN ]

Re:Cryptocurrency Is an Abject Disaster by xxxxxxx12 on Tuesday April 27, 2021 @04:01PM (#26960760)

> yet it shows no similar characteristics to preexisting inflation hedges

Is that because, so far, if you were to measure since its inception, it's outperformed any other hedge against inflation?

[ Parent | on HN ]

Re:Cryptocurrency Is an Abject Disaster by CRConrad on Thursday April 29, 2021 @02:21PM (#26984567)

So did tulip bulbs, for a while.

[ Parent | on HN ]

Re:Cryptocurrency Is an Abject Disaster by xxxxxxx12 on Monday May 03, 2021 @09:16AM (#27024640)

tulip bulbs aren't a gargantuan decentralized computer network

[ Parent | on HN ]

Re:Cryptocurrency Is an Abject Disaster by CRConrad on Monday May 03, 2021 @10:08AM (#27025256)

Non sequitur. That wasn't what I was replying to.

[ Parent | on HN ]