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I didn't say currency should be worthless. Obviously a worthless currency is... worthless. Saving for the future is great. There are lots of ways to save money

I didn't say currency should be worthless. Obviously a worthless currency is... worthless. Saving for the future is great. There are lots of ways to save money sans BTC, holding currency just usually isn't one of them. I don't think bringing in "brainwashing" is helpful to discussion.

noch 6y ago
> There are lots of ways to save money sans BTC, holding currency just usually isn't one of them. I'm sure you've travelled around the world. In underdeveloped countries, most people don't have bank accounts and they hold what little currency they can as cash savings. In developed countries, many individuals hold currency in bank accounts with a 0% real rate of interest. In aggregate this is a lot of depreciating money being held. Bitcoin has been appreciating at an average annual rate of 200% over the past decade and anyone can choose at any time, to begin saving their wealth in it. > I don't think bringing in "brainwashing" is helpful to discussion. I did not mean to insult you or claim it's your fault. Mea culpa. If you've had a typical western education, especially if you've been to business school or taken a business and economics course somewhere, or even read a modern economics textbook, then you've been brainwashed. We all were. The reason I use that word is to emphasise that we're indoctrinated to never question a system that keeps us in a rat race, wondering why we can't get ahead. I mean, my god, just look at the IMF twitter account https://twitter.com/imfnews/status/1297152792403103745 https://twitter.com/imfnews/status/1297152792403103745 and the Bank of Jamaica twitter account https://twitter.com/centralbankja/status/1299127633364557826 https://twitter.com/centralbankja/status/1299127633364557826 Bitcoin, at minimum, provides us with a way to measure the value of our fiat currencies and the performance of other assets we might want.

noch 6y ago

> There are lots of ways to save money sans BTC, holding currency just usually isn't one of them. I'm sure you've travelled around the world. In underdeveloped countries, most people don't have bank accounts and they hold what little currency they can as cash savings. In developed countries, many individuals hold currency in bank accounts with a 0% real rate of interest. In aggregate this is a lot of depreciating money being held. Bitcoin has been appreciating at an average annual rate of 200% over the past decade and anyone can choose at any time, to begin saving their wealth in it. > I don't think bringing in "brainwashing" is helpful to discussion. I did not mean to insult you or claim it's your fault. Mea culpa. If you've had a typical western education, especially if you've been to business school or taken a business and economics course somewhere, or even read a modern economics textbook, then you've been brainwashed. We all were. The reason I use that word is to emphasise that we're indoctrinated to never question a system that keeps us in a rat race, wondering why we can't get ahead. I mean, my god, just look at the IMF twitter account https://twitter.com/imfnews/status/1297152792403103745 https://twitter.com/imfnews/status/1297152792403103745 and the Bank of Jamaica twitter account https://twitter.com/centralbankja/status/1299127633364557826 https://twitter.com/centralbankja/status/1299127633364557826 Bitcoin, at minimum, provides us with a way to measure the value of our fiat currencies and the performance of other assets we might want.