Hacker News new | ask | show | jobs
by lern_too_spel 3123 days ago
Bitcoin, like gold, does not stop inflation. Once again, what is a problem that Bitcoin solves that isn't solved better by another system?

See the original paper on The Byzantine Generals Problem by Lamport et al, where the authors present multiple solutions. Many more solutions have been successfully used in production. People who need to solve that problem do not need to hold any Bitcoin, so the Byzantine Generals Problem does not put any floor on the value of Bitcoin.

2 comments

What is the problem that email solves that regular mail does not already solve? The answer to that is also the answer to your question about Bitcoin.
Email sends messages faster and more cheaply than regular mail. Bitcoin sends money slower and more expensively than existing payment systems.
> does not stop inflation

Not interested in arguing with strawmen. I've been clear enough.

Straight from the frog's mouth: "Inflation debasing your money."

This was your sole example of a problem that Bitcoin solves better than any other. If you now disavow that example, do you concede that Bitcoin solves no useful problem better than other systems?