Hacker Newsnew | past | comments | ask | show | jobs | submitlogin
The Fiat Crisis (balajis.com)
1 point by iamwil on May 4, 2023 | hide | past | favorite | 2 comments


Hs he considered the possibly that even in the event of financial crisis or hyperinflation, Bitcoin may still do badly? This was the case in 2022, when inflation and interest rates surged and Bitcoin lost 75% of its value.


I wondered how he thinks all the infrastructure (basically the entire internet) would stay functional in a crisis so bad that fiat money is worthless.

Stuff shuts down in financial crises.




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

Search: