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by dragonwriter 4815 days ago
> Recessions and depressions happen to economies. To critique Bitcoin for its potential to induce a recession or depression is ridiculous, because the USD -- and its influence on the economy -- isn't going anywhere anytime soon.

Its not ridiculous when one of the arguments for adopting Bitcoin is how much better it would be for our economy to be dependent on it than existing soveriegn currencies. Certainly, one reasonable response to this is to argue that the assumption that Bitcoin could displace those currencies is far-fetched, but its also reasonable to accept, for the sake of argument, that it could and then address whether or not it is desirable.