Quote from: Ishicryptic on March 28, 2025, 07:46:49 AM

Bitcoin is a decentralized digital currency and it can only be a hedge against inflation for anybody or entity that holds it, it can not on it's own beat the hyperinflation of any centralized local currency or economy. Bitcoin is a store of value and unless a government holds it as a reserve or adopts it as a legal tender that is when it can make any impact for them. Bitcoin is primarily an alternative to fiat currencies, it is a hedge against inflation because of it's limited supply and scarcity, also it is due to it's potentials that it became a valuable asset, so if you are not holding it there is no way that it can be profitable to you or solve the problems of hyperinflation. Any economy that is faced with hyperinflation, the government should look for the root cause of the problem and fix it.

Screw legal tender. Doing business exclusively in crypto makes you immune to any legal tender obligations. I never understood that argument that being able to use stuff like a federal note for legal tender for debt is the reason for its value. You don't care about that at all if you're doing business outside the currency.