One of the most salient features of our Tech Hiring culture is that there is so much bullshit. Everyone knows this. Each of us contributes his share. But we tend to take the situation for granted.
In practice if you are in a country with super high inflation and a super corrupt government, people don't use bitcoin, they simply use fiat money from another country, ex the dolllar.
But inflation is a strange thing to worry about. In the last 15 years now, there are not been too much inflation, there have been not enough of it.
On the other hand what you really need from a currency is stability. Bitcoin lost 20% of its value in one day because Musk and Tesla said it was not so great. It never happens with the dollar or the euro that mean words from a billionaire makes it loose 20% of its value and that's a good thing.
That's true. Bitcoin is in a pretty volatile stage - the fluctuations are super scary and not at all suited for public use now.
But the technology behind bitcoin is pure genius and the ideals it could advocate for - economic freedom in a "perfect world" is super great too. But yeah, real world is a different story. I hope that it develops in the right direction and we come up with solutions to stop it's misuse.
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In practice if you are in a country with super high inflation and a super corrupt government, people don't use bitcoin, they simply use fiat money from another country, ex the dolllar.
But inflation is a strange thing to worry about. In the last 15 years now, there are not been too much inflation, there have been not enough of it.
On the other hand what you really need from a currency is stability. Bitcoin lost 20% of its value in one day because Musk and Tesla said it was not so great. It never happens with the dollar or the euro that mean words from a billionaire makes it loose 20% of its value and that's a good thing.
That's true. Bitcoin is in a pretty volatile stage - the fluctuations are super scary and not at all suited for public use now.
But the technology behind bitcoin is pure genius and the ideals it could advocate for - economic freedom in a "perfect world" is super great too. But yeah, real world is a different story. I hope that it develops in the right direction and we come up with solutions to stop it's misuse.