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working currency that has lost 95% of its value over the last 100 years (referencing inflation of US dollar since 1920)

• jqpabc123 4y ago
  As opposed to bitcoin which lost 75% of it's value over 1 year. Other crypto has done even worse.
• fellerts 4y ago
  Just wondering, what's your point? Are you saying that deflation is inherently a bad thing?
  • throwaway98797 4y ago
    thank you for engaging in good faith it’s more that using fluctuations is bad logic for both crypto and fiat being a user of US currency over the last 100 has been generally good for all involved i’d say the same is true for ethereum (i’m a bit eth maxi with small holdings of other crypto) if you are at all actually curious i wouldn’t read anything about crypto since the writing is so polarizing (crypto =scam or crypto is saving the world). neither is true but no amount of words will give conviction. download metamask, buy $500 of eth, swap it into usdc on uniswap, buy a shitty nft on opensea. then see if you like it. do not treat the $500 as investment. treat it like education.
• epistemer 4y ago
  It is because you don't know what you are talking about when it comes to economics. A currency that doesn't inflate, doesn't get spent. It gets horded and stops acting as a medium of exchange. Exactly what we see with crypto and why the currency part is bullshit with it. It is just embarrassing how ignorant people into crypto are with economics. This is economics 101 stuff, most basic ideas.
  • ashwagary 4y ago
    >A currency that doesn't inflate, doesn't get spent. It gets horded and stops acting as a medium of exchange. So you are saying Bitcoin made saving value possible again?