related posts
20 sats \ 1 reply \ @rob 30 May 2022 freebie
I enjoyed the article. Lots of interesting stuff in there. A question - does Bitcoin help address the inflation issue now? Unless I can get paid in Bitcoin and buy that gourmet hamburger in Bitcoin, don’t I still have the same problem wile I have to exchange into dollars to buy something, and the rate of exchange to dollars fluctuates?
reply
0 sats \ 0 replies \ @Caleb OP 6 Sep 2022 freebie
Bitcoin helps but doesn't solve the problem instantly. It's quite volatile since a lot of the price is from people treating it like a speculative asset / tech stock. What you can do now is stack sats, encourage vendors to take bitcoin, and promote the circular economy. It's going to take many years for governments and money to separate. Once government's can't print infinite money to pay for all their corrupt bullshit, you'll see increased purchasing power as we continue to improve technology.
Bitcoin takes money away from the state by creating a superior, unkillable alternative. People can exit fiat by putting their wealth instead of fiat. When you store your wealth in bitcoin, you're taking power away from the fiat system.
0 sats \ 1 reply \ @JustDavids 30 May 2022
reply
100 sats \ 0 replies \ @Caleb OP 28 Sep 2022 freebie
I wish the universe came with a button that made everyone see this in their heads whenever I pressed it.
reply