“Proper monetary policy” Want to elaborate? Bitcoins monetary policy is beautifu... | Hacker News

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eric_cc on July 3, 2023 | parent | context | favorite | on: Ask HN: Are people in tech inside an AI echo chamb...

“Proper monetary policy”

Want to elaborate? Bitcoins monetary policy is beautiful in its simplicity and predictability. In that sense, it stands in stark contrast to fiat.

zirgs on July 3, 2023 [–]

A proper monetary policy would ensure price stability and predictable inflation. Bitcoin price has been all over the place, and its volatility makes it both a bad investment and a bad currency.

eric_cc on July 3, 2023 | [–]

Bitcoin is priced in fiat which is itself volatile. Bitcoin must detach from fiat to gain true stability.

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