pull down to refresh
69 sats \ 0 replies \ @Undisciplined 14h \ on: Hyperinflation changes everything econ
I suspect it's similar to the set of reasons why people prefer to accept dollars over bitcoin.
- Contracts are already in place in fiat
- Customers are trying to spend in fiat
- The government requires some fiat use
I do think the SoV function of fiat basically vanishes during hyperinflation, but it's still the MoE, so monetary velocity goes through the roof.