Hacker News new | ask | show | jobs
by bilekas 1519 days ago
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

2 comments

> 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.

> 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.