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If inflation makes the USD worthless, there will be significant social instability and most likely chaos at the GLOBAL level. This is why we can all be part of
by belval 5y ago
If inflation makes the USD worthless, there will be significant social instability and most likely chaos at the GLOBAL level. This is why we can all be part of the cult of USD.
If Bitcoin falls to 0$ tomorrow, the vast majority of people would shrug and move on with their lives.
- elif 5y agoIt doesnt take USD going to 0 to cause social instability. i'm pretty sure we're already there in 2022. If you take the 7% inflation of 2021 at face value, and apply it to the M1 money supply, the headline of this article (130B lost) played out for USD eleven times in 2021 without recovering.
- danaris 5y agoThe issues we're having in 2022 have nearly nothing to do with the value of the USD.