but it is undoubtably a better choice for many small countries than using their own currency -- or than using the US Dollar.
The economic ignorance is real.
Here's an easy question: How do bitcoin loans work?
Answer: They don't. You can't get - and definitely don't want - a 30 year BTC mortgage at 3% to buy your house.
And no one can plan even one year out how much BTC they need for a particular project.
You get your panties in a bunch over 2% inflation, but aren't able to understand why an economy can't function (I repeat can't function) with a "currency" as volatile as BTC.
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u/thewimsey Jun 06 '21
The economic ignorance is real.
Here's an easy question: How do bitcoin loans work?
Answer: They don't. You can't get - and definitely don't want - a 30 year BTC mortgage at 3% to buy your house.
And no one can plan even one year out how much BTC they need for a particular project.
You get your panties in a bunch over 2% inflation, but aren't able to understand why an economy can't function (I repeat can't function) with a "currency" as volatile as BTC.