![The Struggle [1080x771 - 79KB]](https://pic8.co/sh/SHKdnY.jpg){kind=link}
Monetary inflation doesn't increase the price of things in relation to each other, just in relation to the prices in the past. Inflation most hits people who hold lots of currency or currency-denominated things. Asset prices rise as well so held assets aren't affected so much by inflation.
Inflation is only a tax on your earnings due to the delay of prices going up and earnings catching up. Savings, absolutely, which is why you shouldn't be saving in currency, either in the bank or under the mattress.
Crypto has no inherent scarcity, nor tangible value, so I don't believe in its long-term viability. It doesn't have the essential characteristics for a good money. And that's not even getting into its dependence on a network, electricity, etc.
just in relation to the prices in the past.
Textbook definition of inflation right there.
Asset prices rise as well so held assets aren't affected so much by inflation.
Asset prices are a GREAT way to measure monetary inflation and the loss of dollar value. When they say the dollar is collapsing, this is exactly how you truly measure that. The question to ask is WHAT is it collapsing against? It's collapsing against bitcoin, houses, real estate--most assets.
Crypto has no inherent scarcity
Some of them absolutely do. What you're thinking is anyone can create one and there can be millions. Get it out of your brain, it's a stupiid thought designed to trick you. Do you know how many fiat currencies there are? Do you know what forex is? There is no difference between crypto and fiat in that regard only that one of thim is limited in supply. The real question you should ask is can someone create new units of a currency that already has value and game the system by giving it to their friends and family. USD is exactly that. Bitcoin no. USD is a literal ponzi scheme.
I'm gong to shock you with this one. Bitcoin IS an asset now. Don't be fooled by kikes. It will be the worlds reserve currency soon mostly used to keep all other payment networks like USD more fair.
And that's not even getting into its dependence on a network, electricity, etc.
95% of USD is digital. This is not an argument. Also, bitcoin doesn't even need the internet anymore. It can and is broadcast over satellite/radio with NO ip. You can also form lightning channels with various partners and literally walk your transactions to them if you like. I mean physcially walk the transaction over to them.
DO NOT BE FOOLED BY KIKES.
Crypto has no inherent scarcity
Some of them absolutely do. What you're thinking is anyone can create one and there can be millions. Get it out of your brain, it's a stupiid thought designed to trick you. Do you know how many fiat currencies there are? Do you know what forex is? There is no difference between crypto and fiat in that regard only that one of thim is limited in supply. The real question you should ask is can someone create new units of a currency that already has value and game the system by giving it to their friends and family. USD is exactly that. Bitcoin no. USD is a literal ponzi scheme.
Why Bitcoin no? There's no inherent scarcity of crypto with Bitcoin's properties, it's just that (currently) miners and hodlers flock to Bitcoin. People argue that crypto is valuable because of its properties. These are not scarce. If a better crypto comes along, why wouldn't it be logical to switch to that?
I'm gong to shock you with this one. Bitcoin IS an asset now.
Of course it's an asset, it's just extremely volatile and has no intrinsic value or even physical existence.
And that's not even getting into its dependence on a network, electricity, etc.
95% of USD is digital. This is not an argument.
All fiat currencies are shit, doomed to fail after a hundred or so years. USD is junk in the long run. But I don't see why Bitcoin will be any different.
To me the core benefits of Bitcoin are no counterparty risk (no vaults anywhere with the actual asset you have a claim on) and its lack of centralization, so governments can't easily suppress it. It's been a great tool for people to move wealth out of countries, and have nothing physical that can be seized.
If a better crypto comes along, why wouldn't it be logical to switch to that?
Sounds like a good argument for you switching to bitcoin from USD.
it's just extremely volatile and has no intrinsic value or even physical existence.
Long term volatility is quite low with a huge projection upward. Traders love the short term volatility. You do realize USD is going to be a central bank digital currency soon correct?
But I don't see why Bitcoin will be any different.
It's scarce. It's the perfect way for people to hold onto value through time without kikes being able to give it to their friends and family for free.
It's been a great tool for people to move wealth out of countries, and have nothing physical that can be seized.
Which is precisely why the elites will never make exchanges illegal.
(post is archived)