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100% of it is exchanging value. Less than 100% is for payments for goods or services. I think it is arbitrary and capricious to declare that the store of value
by lowkey 5y ago
100% of it is exchanging value. Less than 100% is for payments for goods or services.
I think it is arbitrary and capricious to declare that the store of value use case and/or increasing the value of your investment use case are not valid?
Do you believe that when one exchanges cash for shares in Tesla or Google they are not exchanging value?
Let's be honest, most of us work for a living to earn money to provide for a lifestyle for ourselves and our families.
Bitcoin solves the unique problem that all other fiat-based monetary systems allow those at the top to manipulate the money supply and print money out of thin air thereby diluting (inflating away) the value of all existing holders of the currency. This is Bitcoin's value proposition - sound money, honest money with a transparent monetary policy from now to infinity.
The temptation to print money instead of raising taxes is too great as we are seeing in the US with a multi-trillion dollar Build Back Better plan that politicians claim will not cost taxpayers anything.
Can you explain that math without disclosing that the money is costing taxpayers by way of monetary inflation?