Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Again: cryptocurrencies have built in anti-inflation mechanism: you can have just these many bitcoins. You can't inflate out your debt using printing press. Very good feature for a creditor nation, like China. Very bad for debtor nation like the US. Ie The USD monetary base at least doubled since 2008. To deal with the debt. Impossible to do with bitcoins. Or gold for that matter.


Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: