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How does bitcoin "take" money from anybody? How would you classify an economically insecure investor? If they are economically insecure, where do they get th
by psychlops 3y ago
How does bitcoin "take" money from anybody? How would you classify an economically insecure investor? If they are economically insecure, where do they get the money to invest?
Food for thought, when there is currency inflation where do you suppose all the wealth goes and who is it taken from? Here I think we can use the word "take".
- wmf 3y agoA lot of people buy in at the top, expecting "generational wealth", then sell at the bottom, losing 60% or more. US dollar inflation has never been 60% per year AFAIK.
- snapcaster 3y agoI agree with your point, but I do think he raised something you're not addressing. Because i'm paid, bank, etc. in USD inflation means someone else (whoever is given the first access to the new money) is in effect stealing some of my wealth. I don't really see how this is true with Bitcoin. Nobody is forced to engage with it
- SantalBlush 3y agoI think nobodyn is forced to engage with it precisely because it's not the popular currency. If it were, than the same would be true of bitcoin: its inflation would mean someone is stealing from you (your boss, for adjusting your wage too slowly).