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by simonh 1373 days ago
I didn’t say any such thing and I don’t see how that’s relevant as remittances from the US are generally in Dollars, not local currency.
1 comments

Sure, whatever. I didn't mean you specifically. My point is merely that crypto enthusiasts and radical individiaulists often praise the concept of the government not being able to inflate their money with printing. Which, yeah, has downsides. But there's also downsides to your government going broke. Like your society falling apart, which increases the cost of local goods, and then bam, suddenly you've got inflation anyway even if the value of the coin remains the same on an FX level.