3 ms·
> Our current fiat system is not perfect but by far the most stable system we have. ROTFL. Have you taken a look at inflation lately? Are you aware that the nu
by bradwood 4y ago
> Our current fiat system is not perfect but by far the most stable system we have.
ROTFL. Have you taken a look at inflation lately? Are you aware that the number of US dollars in existence has gone up by at least 40% since the start of COVID?
Not sure how anyone could call this "stable"
- Deritiod 4y ago1. Money isn't just created. 2. Bitcoin is not inflation save either. And much more volatile.
- bradwood 4y ago> 1. Money isn't just created. Er.. It is. Between quantitative easing and fractional reserve banking it is created in 2 ways. Spend some time reading and researching on these topics please
- Deritiod 4y agoI did and still think your sentiment simplifies it too much . The banking crisis was the last big thing which imploded but otherwise we do create eqvilent new wealth with it. Real one
- bradwood 4y agoAnd, by definition, bitcoin _is_ inflation-safe as it's supply is capped. Inflation means inflation of the money supply (often thought of as an increase in prices). Bitcoins price may vary against other assets but it's supply will never exceed 21m
- Deritiod 4y agoJust because you will not be able to make more Bitcoin doesn't mean that you will experience no inflation.it just means that it will express itself different. 'Inflation is the rate of increase in prices over a given period of time'. Either this will break Bitcoin because it is limited or the Bitcoin domination will change. Already people are no longer buying one Bitcoin but subbitcoins like 0.01 Edit: and just in case you want to argue that this is deflation: Deflation is also bad. But BTC might reach a fluctuation point were it would see deflation and inflation.