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Re:10 years of whatever this has been by oblio on Thursday November 18, 2021 @05:48AM (#29264079)
I hate it to break it to you, having lived in a country with hyperinflation, but crypto is not the answer to that.

Hyperinflation is just a symptom of other broken things in those places, and the real solution is to work on that brokeness.

You don't paper over lack of trust with a system that sort of works around lack of trust, you increase trust. Otherwise you'll be screwed in a million other ways that have nothing to do with money.

Re:10 years of whatever this has been by int_19h on Friday November 19, 2021 @05:38PM (#29283533)
I have lived in a country which suffered rampant inflation as well (not quite to the degree where it'd be called hyperinflation, but rapid enough that it was a serious consideration in day-to-day life).

It's all well and good to talk about fixing brokenness, but it's not always politically viable. Furthermore, even when it is, people still have to go around living in the meantime. "It'll be solved eventually when everything is made perfect" is not a reasonable approach, and people are well aware of that. A very popular saying where I'm from goes, "the strictness of the law is mitigated by not having to follow it".

Re:10 years of whatever this has been by bradwood on Friday November 19, 2021 @03:05AM (#29274907)
Laudable though this desire is, we live in the real world. How many politicians and unelected central bankers are trustworthy in any country?

What you want is a monetary system that is inherently trustless.

Let the policy makers deal with policy and legislation. But let's not let them mess about with our money any more. Anywhere.