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So I hate to use the word I'm about to use, because of the modern connotations associated with it, but it does apply here. There are billions of people who are

So I hate to use the word I'm about to use, because of the modern connotations associated with it, but it does apply here. There are billions of people who are abused by their government, who cannot trust their government, who's local money is debased by their government at a whim. You are privileged (there's that word) to have a government that you feel you can trust to control the value of your savings and your purchasing power. You do not see the value proposition because there is not much of one for you. Cryptocurrency doesn't exist for you. It exists for the people who do need it. And again, there are billions of people who need it, as much as half the world's population, possibly more.

Staurt101 6y ago
Lord Masuka helped me bring my husband back after he abandoned me for half a year, contact him today for any help lordmasukaspelltemple@hotmail.com or whatsapp him +1(234)-307-0752
alwillis 6y ago
There are billions of people who are abused by their government, who cannot trust their government, who's local money is debased by their government at a whim. The United States inflated the money supply by many trillions of dollars in the past year, which decreases the buying power of the dollar. With savings accounts paying close to 0% interest, due to inflation, savers are losing money in these accounts each year. And while the goal of the Fed is to manage the economy to have about 2% inflation, in reality, the things that people care about—higher education, medical care, real estate in many cities—has inflated much more than 2% annually. The dollar is being debased gradually; one day it could be sudden.
- betwixthewires 6y ago
  People don't realize that at that target rate of 2% yearly, your savings lose half their purchasing power over a 10 year timespan. The number looks small, so people see that and say "oh, no big deal" but they don't realize how big of an impact it has on their net worth if their assets are mostly fiat currency. Additionally, most people don't notice how this affects their behavior and encourages people to save less and spend more, but from a macroeconomic perspective the effect is plain as day, most people have less than 1k in savings.

Staurt101 6y ago

Lord Masuka helped me bring my husband back after he abandoned me for half a year, contact him today for any help lordmasukaspelltemple@hotmail.com or whatsapp him +1(234)-307-0752

alwillis 6y ago

There are billions of people who are abused by their government, who cannot trust their government, who's local money is debased by their government at a whim. The United States inflated the money supply by many trillions of dollars in the past year, which decreases the buying power of the dollar. With savings accounts paying close to 0% interest, due to inflation, savers are losing money in these accounts each year. And while the goal of the Fed is to manage the economy to have about 2% inflation, in reality, the things that people care about—higher education, medical care, real estate in many cities—has inflated much more than 2% annually. The dollar is being debased gradually; one day it could be sudden.

betwixthewires 6y ago
People don't realize that at that target rate of 2% yearly, your savings lose half their purchasing power over a 10 year timespan. The number looks small, so people see that and say "oh, no big deal" but they don't realize how big of an impact it has on their net worth if their assets are mostly fiat currency. Additionally, most people don't notice how this affects their behavior and encourages people to save less and spend more, but from a macroeconomic perspective the effect is plain as day, most people have less than 1k in savings.