[eMGm4D0zgUAVXc7]

> I personally haven't seen any problem solved by the blockchain thus far.

Solved problem: Hyperinflation caused by excessive governmental money printing.

Yes, I know you may not consider this as a "problem", but tell that to the millions of people who have had to watch their life savings being erased to zero value.

Yes, the Bitcoin price may be jumpy, but we aren't yet seeing kids playing with bricks of trillions of Bitcoins because they'd be so worthless that you can give them to your kids as toys.

That DID happen with fiat currency:

Enter "hyperinflation" into your favorite picture search engine.

I personally own a 1 billion bill of a previous currency of my country which I bought for the equivalent of $5 on eBay.

[bilekas]

Hyper inflation is absolutely a problem. Not solved by the blockchain though..

I think you're referencing BTC in use as some kind of ubiquitous currency ? That would be an interesting use, until someone owns enough to influence the market, which, already happens, so it would make matters worse for more people

[disruptalot]

> Owns enough to influence the market

Meaning acquiring it fairly from the market?

As compared to fiat currencies, which can be issued and moved around with the snap of a finger. That's a net improvement.

[eMGm4D0zgUAVXc7]

> Not solved by the blockchain though..

Uhm, why not?

As far as I see, the price of Bitcoin has actually even hyperDEFLATED.

It started below $1! Now it is at $40000.

[foobarian]

Just wait until a 51% attack succeeds. I don't think the BTC network is as resistant to government interference as you may expect.

[eMGm4D0zgUAVXc7]

If they try to print more Bitcoin by changing the software that does NOT automatically mean that the majority of Bitcoin users will install and run that modified software.

The non-"print more money" version will reject its blocks.

So even if they throw 90% of hashpower at it then it will not be the consensus because nobody uses a version of Bitcoin which accepts the blocks it mines.