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Comment by qwytw

Using an ultra deflationary token like bitcoin as a global currency would literally be the most stupid thing that ever happened in human history.

Basically people who held significant amounts of bitcoin from early on would become billionaires (if not trillionaires...) by having provided zero value to the economy. As awful and unfair what we have currently is it's still several magnitudes superior in almost any conceivable way than a global financial system based on bitcoin.

I can imagine some sort of a crypto currency possible becoming dominant in the future. But Bitcoin itself is pretty much the worst option I can imagine.

parent qwytw 3 years ago

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