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Another question arises: what is it good for? It certainly isn't empancipating or empowering ordinary people. I'm part of the bitcoin community on Clubhouse of
by alwillis 6y ago
Another question arises: what is it good for? It certainly isn't empancipating or empowering ordinary people.
I'm part of the bitcoin community on Clubhouse of just regular people who've benefited greatly from bitcoin.
I'm personally investing in bitcoin due to the uncertain future of USD. It's simple: the dollar is loosing buying its buying power and bitcoin is gaining buying power. USD, gold, bonds, etc. are trending towards zero when graphed against bitcoin.
I'm old enough to remember when a person could save in USD and get a return higher than the inflation rate and be able to retire comfortably.
I remember seeing people who thought they could retire comfortably in 2008 until the economy blewup and we had senior citizens competing with high school kids for jobs bagging groceries.
You can read about how financialized our economy has become and how bitcoin solves this problem: "Bitcoin is the Great Definancialization" — https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/ https://unchained-capital.com/blog/bitcoin-is-the-great-defi...
Bitcoin has averaged over 200% a year for the past 10 years--and that was before billions of institutional money began flowing in.