Saturday, August 22, 2020

CryptoInflation

 The concept that Bitcoin will be an economic savior is hilarious to me.  Cryptocurrency has been touted as a great avenue to freedom.  While it has some utility for anonymous transactions, the main feature was it's protection from inflation.

While it may be true that Bitcoin or Etherium or Dogecoin cannot inflate because there are only a fixed number of coin in each, each new cryptocoin creation creates more cryptocoin.  While one may stick around for longer than the rest, those that choose to use cryptocoin for investment are essentially trading in stock futures.  It's all a gamble until a government hacks then backs one coin.


Dogecoin (DOGE) Price Analysis : The Future of Dogecoin ...

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