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> the folks with "more money in their pockets" I would argue that the population who can now operate and opt-out of a USD system where their money is being deb
by garydevenay 5y ago
> the folks with "more money in their pockets"
I would argue that the population who can now operate and opt-out of a USD system where their money is being debased by 20%+ in the last year by a foreign government will be quite a bit better off.
- ceejayoz 5y ago> opt-out of a USD system where their money is being debased by 20%+ in the last year You know Bitcoin has taken a 40% tumble in the last month, right?
- garydevenay 5y agoValuation and debasement are two very very different things with very different effects. The US created 20% of all the dollars that have ever been created, ever– last year. This is infinitely more harmful than a reduction in price compared to another currency.