The supply of cash notes in Venezuela wasn’t / isn’t the problem. It’s that no-o... | Hacker News

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TheSpiceIsLife on Sept 2, 2018 | parent | context | favorite | on: Bitcoin and other cryptocurrencies are useless

The supply of cash notes in Venezuela wasn’t / isn’t the problem. It’s that no-one has faith in the value of those notes.

> which is the better money, cryptocurrencies or gold-backed notes goes into this

This is a false dichotomy.

rkeene2 on Sept 2, 2018 [–]

> This is a false dichotomy.

Nevertheless, it is the subject of the debate and the debate also goes into why you would want scarcity as the basis of a money.

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