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by ebog
2555 days ago
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Scalability is a big problem, but it's not the only problem. Money accomplishes 3 things: 1) Store of value
2) Unit of account
3) Medium of exchange It's not really very good at any these 3 things. The scalability significantly hurts #3, but even if you fix it it's super volatile, which are bad for 1 and 2. Not only that, but it's inherently deflationary, which is quite bad in the long term, but I guess that's really a secondary concern. |
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