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by HWR_14
1417 days ago
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> I know plenty of folks in certain countries with massive inflation and projects such as bitcoin are their refuge from 100-1000% inflation a year. Countries with hyperinflation lend to not have a ton of assets. Even if this were a use-case, it doesn't seem to justify anywhere near the valuation of BTC or other crypto. And why on earth you would you use BTC as opposed to a stable-coin in that case? |
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(Well, maybe in the medium term, I guess this can fit some use cases, but the illusion of stability still seems to be a concern ?)