That's not what I said, is it? It would be great if you happen to have a bunch of Bitcoins. For everyone else it would be a nightmare because it would encourage disinvestment. Why take a risk when you can literally just sit on your money? Loans would also become pretty much unfeasible both for business purposes and for consumers (hope you can buy a house with cash).
"Hodling" is certainly part of the culture but it wont be as more services get rolled out. Look at the volume on exchanges, people move coins around, stake them, or even loan them out for APY rates.
Loans would not become unfeasible, but they would be extremely reduced to people who can pay them back. That encourages healthy financial investment. It also encourages business to focus on profitability instead of raising the next round.
Whether its Bitcoin/Ethereum/Gold/Silver or something else, a thriving financial system must be backed by something finite or an extremely controlled and low inflation rate. Thats not an opinion, thats a fact. Cash or StableCoins could still be issued and backed by something like Bitcoin or has its been done in the past with Gold.
> Whether its Bitcoin/Ethereum/Gold/Silver or something else, a thriving financial system must be backed by something finite or an extremely controlled and low inflation rate. Thats not an opinion, thats a fact.
I think most people would be surprised to learn that the US financial system is "unsuccessful." It certainly sounds a lot like your unsubstantiated opinion.
