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0 pointspsychlops2y ago0 comments

You have an interesting worldview. Corporations take profits to pay their employees. They do this with or without inflation and always have.

How would a crypto "help" with inflation? In the same way the Dollar "helps" with the inflation of the Euro?

Cryptos don't add to personal risk, people do that. If you think cryptos are making an impact, you should understand that the entire crypto economy is a rounding error in inflationary impact.

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4 comments · 2 top-level

acdha2y ago· 2 in thread

I think you misunderstood the point: when a large portion of the cost increases are due to companies raising their profit margins, changing how you pay for it won’t affect that.

nprateem2y ago

Unless you're planning to pay for it with an asset whose value fluctuates wildly.

acdha2y ago

That’s a separate factor, though. It’s definitely one of the reasons why cryptocurrencies never became popular but in the case we’re talking about it’d just be making a bad situation worse rather than the cause for it being bad.

salawat2y ago

Profit is not taken to pay employees by definition. Profit is gross less all liabilities. Liabilities include payroll. Payroll is revenue.

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