[boc]

This is a very surface-level understanding of the concept of the economy. We could all use river rocks instead of dollars and fundamentally the economy would be unchanged. We could all (try) to use Bitcoin tomorrow and the economy would be unchanged. It's about using a medium of exchange which works best for all parties, which today is the US Dollar.

Bitcoin is just additional, unnecessary carbon and e-waste on top of the existing economy. It's fatal flaw is that it's deflationary, which in a world of rational thinkers would have doomed it from the start, but instead it seems to have attracted those yearning for a system free of "money printers".

Inflation can make things bad for an economy. Deflation utterly destroys economies.

[int_19h]

It attacted those who don't trust the people in charge of "money printers". Which, given the overall low level of trust in the government in many countries today, US included, is hardly surprising.

(Even more so in the third world, where quite a few people have personally lived through periods when government printed money like crazy, and saw first hand how it starts and how it ends.)

[oblio]

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.

[int_19h]

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".

[bradwood]

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.

[bradwood]

> It's about using a medium of exchange which works best for all parties, which today is the US Dollar.

It's also about a store of value. Which is no fiat currency in the world today.