I see no uptake in usage for either BTC or BCH

Blocksize is an approximation, and for BTC it is lower than the ceiling at 0.995 (max 1.4), and BCH is at 0.540 (fork lol, 7 day average)

(This measure is better than tx count, since BTC uses heavy "batching". Not value either, because many txes are internal, or to exchanges, and naturally that shows too high for BCH since txes are cheap).

It tells me that new users into crypto is still low, maybe due to doubts still lingering since the most recent crash. Also, people trust that central banks can handle it, and not the least, they believe the official inflation numbers.

In already hyperinflated currencies, it is too late, because most people lost all their cash balances. Not too late really, but they have other problems, having less capacity to think forward.

What most people don't know, is that the high inflation leads to capital consumption in businesses, and even if you know, and try to up the prices with inflation, you can't, because you have competitors who don't know and therefore sell too cheaply. They will go bust, but it does not help you if they take you with them in the fall.

In countries which have their own historically inflating currency, it is common to express quotes in USD converted to local currency, getting paid in local currency, and the seller rebalances his bank accounts, making sure he is overweight dollar. That has up to now helped larger businesses which have the know-how.

But now, the dollar is in a precarious situation, with price inflation relative to real stuff expected (by me at least) to be 20% or more for many years.

It means the businesses that rely on a dollar cash balance can come into the same situation with capital consumption without their knowledge.

With inflation, you have to take action in advance. When your cash balance is devalued, and your capital is consumed, it is too late.

You fix it by having sound money, and for businesses, reduce capacity and fixed cost as much as possible, maybe go into hibernation for now.

submitted by /u/ErdoganTalk
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