215 sats \ 10 replies \ @Satosora 2 Aug \ parent \ on: Rate Cuts:"What is it they're looking for?' econ
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?
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20 sats \ 9 replies \ @siggy47 OP 2 Aug
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.
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43 sats \ 8 replies \ @Satosora 2 Aug
True. But if the government leveraged its strong currency, it could get out of the stupid situation it has put itself in.
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20 sats \ 7 replies \ @siggy47 OP 2 Aug
You know the cliche. Bitcoin fixes this.
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43 sats \ 6 replies \ @Satosora 2 Aug
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?
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20 sats \ 5 replies \ @siggy47 OP 2 Aug
Self custody
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43 sats \ 4 replies \ @Satosora 2 Aug
People did self custody with gold, too. Look what happened back then. Even with self custody, they have records.
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20 sats \ 3 replies \ @siggy47 OP 2 Aug
Big differences. Non kyc bitcoin, LN, memorize your seeds. Bitcoin is much better than gold.
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43 sats \ 2 replies \ @Satosora 2 Aug
I dont doubt that bitcoin is better than gold. But if the government wants something, they will get it. Even if you have memorized the seed.
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