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Yeah, I am not sure deflation is possible, but making inflation go down should be a priority.
Can you imagine what it would be like if we were to deflate our currency?
The power the USA would hold?
How would the US pay it's debt then? That's why I don't think they will do everything possible to avoid it. The government needs inflation.
True.
But if the government leveraged its strong currency, it could get out of the stupid situation it has put itself in.
You know the cliche. Bitcoin fixes this.
This cliche, it is an interesting conundrum.
Can you imagine if every country held bitcoin, what it would do to the currency?
When do you think the seizures will start?
Self custody
People did self custody with gold, too.
Look what happened back then.
Even with self custody, they have records.
Big differences. Non kyc bitcoin, LN, memorize your seeds. Bitcoin is much better than gold.
I blame inflation squarely on the debasement of the currency. Sure, there might be some companies taking advantage of the situation, but the government is to blame. Also, even if inflation goes down, that just means prices will go up slower. They won't go down, unless we get deflation. Some people think that's possible, but I don't think so.