/biz/ - Business & Finance

I know this is /biz/ and you people love your cyber-libertarian Hayekian fever fantasies, but this shit is bonkers.
Like what the fuck, no more inflation? No more leverage? Leverage is what makes modern economies work. Monetary instability is an inescapable fact of capitalism. A widespread adoption of crypto would simply replace a turbulent monetary system with broadly inflationary tendencies with a (potentially much more) turbulent monetary system with broadly deflationary tendencies. The latter would be an active retardant on economic growth. There is a reason the gold standard was abandoned.
Of course that last point is irrelevant because there is also the fact that NEVER EVER will anyone adopt these crappy ponzi schemes as actual currency. They're too volatile, too cumbersome, too easily manipulated.

https://www.washingtonpost.com/business/2018/08/10/bitcoin-is-still-total-disaster/?utm_term=.cb8d16a9d2a3