Where are all the crypto use cases? • Hacker News Board

Re: Where are all the crypto use cases?

#271

Post by mike741 » Mon, Jun 27, 2022, 3:35 AM UTC

danielmarkbruce wrote: post #32

mike741 wrote: post #25

Earlier quoted context omitted.

> The proper question is what does cryptocurrency do better than alternatives? Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives. Of course, this doesn't make the article any less of a strawman.

If you define inflation as the devaluing of the currency, it doesn't really.... The mechanism by which a currency loses value matters little.

I agree with that definition of inflation, so how hasn't it prevented inflation? Has the supply of bitcoins ever deviated from the intended rate? If it hasn't deviated from that rate then the supply, and thus the involuntary component of inflation, has been successfully kept under control.

Re: Where are all the crypto use cases?

#272

Post by mike741 » Mon, Jun 27, 2022, 3:45 AM UTC

guerrilla wrote: post #37

mike741 wrote: post #25

Earlier quoted context omitted.

> The proper question is what does cryptocurrency do better than alternatives? Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives. Of course, this doesn't make the article any less of a strawman.

> Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives. You assume that's a plus, but most of the world acts on the opposite assumption, i.e. NAIRU-like policies. I'm not picking a side, just pointing out that you disagree with almost every expert on the planet.

"a plus" depends on who you are. For someone who profits off of inflation, its certainly not a plus. I said it does a better job limiting supply and preventing inflation and that is a fact not an assumption. The supply has been controlled, the only inflation is caused by demand, exactly as intended. Any so-called "expert" who disagrees with that should have their expertise called into question.

Re: Where are all the crypto use cases?

#273

Post by eldenwrong » Mon, Jun 27, 2022, 9:52 AM UTC

aforwardslash wrote: post #195

eldenwrong wrote: post #121

Earlier quoted context omitted.

Quoted post unavailable.

There is nothing worse than someone who lacks critical thinking. If you support promoting widespread criminal activities because brutal regimes like China exists, there is no distinction between you and a totalitarian regime - you both think YOUR vision is the right one, without space for tolerance or plurality of opinions. Imagine that.

Legal =/= moral or even right