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450 sats \ 3 replies \ @nullama 24 Jan \ on: Stacker Saloon
I don't understand how the fiat world can continue.
The value of things compared to your salary was so cheap back in the day.
Yes, many things are better and cheaper, specially electronics, but things like housing or other important stuff are incredibly expensive.
I wonder what will happen in the future.
But then I think about countries with super huge inflation like Argentina, Venezuela, etc, and the people there just... live?
I don't know how, but life just moves on. Humans are incredibly resilient.
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0 sats \ 1 reply \ @quark 24 Jan
The future? Even more expensive! I just had a thought reading your post, about the people living in high inflation countries, maybe there are more people that we think, using crypto for their savings. Crypto is certainly popular in those countries.
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0 sats \ 0 replies \ @nullama 24 Jan
At the end of the day it is the currency that gets devalued.
So, everything is more expensive over time, by design.
No rich person would have their wealth on a bank account, they would have assets, real things, not some silly currency.
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0 sats \ 0 replies \ @siggy47 24 Jan
I really like The Price Of Tomorrow by Jeff Booth, which talks about all of this and explains how and why bitcoin is the solution: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405
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