Krugman: “what problem does cryptocurrency solve?“

in bitcoin •  7 years ago 

The most important property of a currency: Trust

Inflation rate in Europe and US is niw about 2%.
Venezuela, Iran, Turkey, Argentina have a much higher rate.
For now US has a higher intrest rate, but forhow long can the US pay thrir intrest rate for their debt?

Our financial system is not based on a collateral, but only on debt.

https://www.nytimes.com/2018/07/31/opinion/transaction-costs-and-tethers-why-im-a-crypto-skeptic.htmlCAE56552-487F-4780-B4AB-1BE73AEA149E.jpeg

bitcoin cryptocurrency krugman
7 years ago by

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