I honestly can’t tell if this is satire. Fiat is stable in so far as the number ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

unboxingelf on Dec 6, 2022 | parent | context | favorite | on: Fe: next generation smart contract language for Et...

I honestly can’t tell if this is satire. Fiat is stable in so far as the number doesn’t change, but good luck with that purchasing power.

Bitcoin is a scarce commodity with no issuer. It cannot be counterfeited on the whim of a small group. Its volatility should decrease with adoption.

reducesuffering on Dec 6, 2022 | [–]

Down 66% in 1 year after the whole world knows about it. Any day now. Wasn't it supposed to be an inflation hedge? Fiat sure retained value much better this year...

cflynnus on Dec 6, 2022 | | [–]

zoom out

pxue on Dec 6, 2022 | [–]

You're precisely talking about the impossible trilemma.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact