On: Show HN: Kong – Physical Cryptocurrency

[james_s_tayler]

They solve imaginary problems and already solved problems, but poorly.

[darawk → james_s_tayler]

If you think inflation is an imaginary problem, sure. But literally all of finance would disagree with you.

[james_s_tayler → darawk]

I think it's a real problem already solved by hedging with real non-crypto things. Don't need crypto for that.

[darawk → james_s_tayler]

All of the other mechanisms of hedging inflation have issues. Crypto has issues too, of course, but the important point is that it's issues are different and uncorrelated to traditional inflation hedges. If you can hedge the same risk in more than one way, you should, because it will reduce your overall volatility.

[james_s_tayler → darawk]

Crypto wasn't designed to hedge inflation. If that's all it's good for then the idea failed.