RE: RE: Cryptocurrency Success: The Inverse Of Our Present System
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RE: Cryptocurrency Success: The Inverse Of Our Present System

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I think many of us agree on one thing. It is blockchain technology that is revolutionary. Some say it's a copout when many of us admit to this but disregard bitcoin. They feel no other cryptocurrency gets close to bitcoin and so yes the options of thousands of coins are good so we advance to the best used ones. The issue though is bitcoin over the last decade has had super high inflation beyond 160% and even in present day it's still about twice the annual inflation rate of standard currencies like the usd of about 2.6% rate for bitcoin versus that of a 1.2% rate for the usd.

The USD inflation refers to a change in consumer price index while the Bitcoin inflation refers to the increase of the supply of Bitcoin. They are two very different things. The supply of dollars has increased by a much larger factor than consumer prices, which is because the newly issued dollars tend to stay on the financial markets.

@shtup: I think many | Ecency