[schmuelio]

> In countries where inflation has gone haywire (worse than Bitcoin)

Other comment has addressed the rest, I just want to point out that Bitcoin (and most other cryptocurrencies) are not _inflating_, they're _deflating_.

If the buying power of a currency goes up over time then it is deflating.

While this makes it (arguably) good for speculation, it actively punishes using it as a currency since what you buy today will be cheaper tomorrow. This - in turn - punishes the poor that would have to use crypto for necessities (food, shelter, water, etc.) since they will always have to buy necessities when they are expensive (today) rather than when they are cheap (tomorrow).

Just felt compelled to add this since a lot of crypto discourse talks about how the traditional market is seeing record inflation or whatever, and crypto doesn't suffer from as much inflation. While this is _technically_ true, the reality is that a deflationary currency is significantly worse for the people using it than an inflationary one. Especially when it comes to things like concentration of wealth in the hands of a few rich people.