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That's... called printing money. Inflation is a necessary evil and infinitely more preferable to the alternative that is bitcoin, which gives you no reason to e
by ohgodplsno 6y ago
That's... called printing money. Inflation is a necessary evil and infinitely more preferable to the alternative that is bitcoin, which gives you no reason to ever use it. Why would you use it at 10k when it's going to be a 20k next month ?
Inflation encourages money changing hands. The market has absolutely fuck all to do with it.
- gruez 6y agoIn other words, you're saying that it won't keep value?
- ohgodplsno 6y agoYour $100 today will still be usable in 20 years. Sure, it'll have lost you a bit of purchasing power, but it'll still be backed by an actual nation, have its value recognized everywhere in the world. Your bitcoin will have gone sideways three times, jumped up and down. Could be tripled. Could be halved. Still controlled by three chinese farms who could double spend at any point should it become less valuable.