[empalms]

> “Inflation is being reported at 8.6%, but if you fill up the gas in your car, you know that it must be higher than that. No one knows the real rate of inflation, but what I do know is you cannot print more bitcoin. You can print dollars perpetually until it’s worthless like Venezuela, but you can’t print more bitcoin.”

What a silly comment inside just as silly of an article. Last I checked, consumer fuel prices were absolutely included as components in most measures of price stability. The conclusion does not follow the premise in the slightest and demonstrates a poor grasp of macroeconomic fundamentals (i.e. inflation being a lagging metric of price change). That said, it’s not as if bitcoin’s historical trends have shown any virtuous elements necessary for serving as a decent currency. Its volatility alone should lead all but the most deranged maximalists to shun it outright for any purpose other than market speculation.