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Your "no international fee bank account" also inflates away at 8-10% a year if you're holding US dollars in savings. And about the same or more for other curren
by KetoManx64 5mo ago
Your "no international fee bank account" also inflates away at 8-10% a year if you're holding US dollars in savings. And about the same or more for other currencies.
The Federal reserve has printed 1/2 of all dollars in existance in the last 6 years, and deflated the value of your dollar by around half.
While I can buy a cup of coffee with bitcoin, I'd rather use the federal reserve notes that are backed by nothing but empty promises from government institutions that look down on you.
- darth_avocado 5mo agoSomehow dollar held in banks inflates away savings but bitcoin that is down 15% in 5 days is safer? Hilarious
- KetoManx64 5mo agoBitcoin is down 15% after being up 10,000% in the last decade... while the dollar is worth 50% of what it was 5 years ago. If you bought bitcoin at $10 or even $1000, what do you care if it drops down to $60k for a week? The world must be very confusing when your time preference and economic scope is 1 weeks worth of data.