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A comment on One year on, El Salvador’s Bitcoin experiment has proven a failure. Parent comment

Re:One year on, El Salvador’s Bitcoin experiment has proven ... by pjc50 on Wednesday September 14, 2022 @08:32AM (#32836225)
People are unable to distinguish "prices have gone up from money printing" from "prices have gone up due to the pandemic and the war between Russia and Ukraine". Neither bitcoin nor gold can hedge against the latter.
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Re:One year on, El Salvador’s Bitcoin experiment has proven ... by pookha on Wednesday September 14, 2022 @10:40AM (#32837919)
Prices have gone up because we have demand side inflation:

https://www.mercatus.org/publications/inflation/inflation-la...

Which is mostly driven by putting trillions of dollars into the economy. The Fed had 1 trillion on it's books during the 07 recession. It has 8 trillion on it's books now. That's a major problem.

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Re:One year on, El Salvador’s Bitcoin experiment has proven ... by psychlops on Wednesday September 14, 2022 @11:56AM (#32838983)
I guess you'll have to put me in the camp of unable to distinguish. There is always an "emergency" reason to print money.
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