Post
Topic
Board Economics
Re: Rampant inflation, yet a steady exchange rate.
by
NavI_027
on 06/09/2020, 00:53:24 UTC
This is part of the reason I started accumulating bitcoins, because it is immune to inflation. I just can't buy anything here with it.
Hmm, if you can't buy anything with btc then it means the adoption of such technology on your country is quite low. Therefore, your btc holding will be pointless if you still need to convert it into your currency first. Sad to say but it will still get affected by the inflation.

And even if you found one, I think it will be all the same. You cannot simply give .005 btc for a laptop (just an example) just because you want to. Of course your SEC will make regulations upon it and assign SRP for every product based on its fiat value. It seems that we can't easily escape the inflation Cheesy.