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But you dont care abt losing money when your inflating currency backs a loan for your house. What we are supposed to want is a roof, a value producing asset, no
by xwolfi 6y ago
But you dont care abt losing money when your inflating currency backs a loan for your house. What we are supposed to want is a roof, a value producing asset, not cash.
So if you keep all in cash you re doing something wrong. The goal of fiat currency is to adapt to changing condition naturally.
But BTC isn't possibly going to work: it s cant adapt rationally, it cant pretend to pay you the same when the country goes bad by tweaking your fiat value so you calm down and the country continues.
Whoever said inflation was wrong was like a teenager moaning at his 200$ in a free bank account. The economy has to inflate and deflate transparently for you to some extend or you ll be stuck never lending anything and stashing stashing stashing.