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"Since your salary, and taxes, and almost all goods, were paid for in USD, it didn't matter if all the numbers crept up together slowly." The key word is "toge
by twobits 13y ago
"Since your salary, and taxes, and almost all goods, were paid for in USD, it didn't matter if all the numbers crept up together slowly."
The key word is "together". They don't go up together. There is a time differential, with salaries trailing behind. People get constantly negatively affected this way.
- afterburner 13y agoLet me put it this way: they go up together far, far, far more than whatever BTC or Dogecoin is doing. Talking about very normal inflation in order to make make BTC/Dogecoin look bad is just weird. BTC dropped 50% in a day. And it could go up 100% tomorrow. That's volatility. Denying this just comes off as trolling.
- twobits 13y agoI am not arguing for bitcoin or dogecoin. I am arguing against the dollar, and the notion that the dollar isn't backed (just) by force.