[syncerr]

It still floors me to see such bearish opinions like this. It demonstrates how intelligent people can be completely wrong about the future, and it signals how early we are in the adoption curve for crypto.

The ability to print money and misrepresent the value of the dollar (i.e., CPI, GDP) combined with incentives for personal enrichment should be evidence enough that government-controlled currencies is not the scalable solution we thought it was.

We're about to experience inflation like we've not seen in the US in a long time and the resulting transfer of wealth and increase in inequality will be a catalyst for the adoption of crypto.

I hope to see you all there.

[ForHackernews]

Replying so I remember to come back to this thread in 3-5 years.

If cryptocurrency is an inflation hedge, why are the cryptomarkets tanking when inflation is freshly high?

[twelve40]

If I follow this reasoning correctly, some ideal future version of "crypto" will be decoupled from corrupt governments, it will operate in a much more stable and equitable way than today's currencies, and the current imperfect state of things - when we are still too attached to fiat - is just a temporary transition. Just to entertain that idea. Sounds a bit too good to be true though.