K it solves this problem but hold onto your constantly devaluing fiat is you prefer. Your Euro’s portion of the supply decreases every year. Your BTC’s portion of the total supply stays the same every year. Your euro or BTC’s value may change relative to other things, but since the Euro central bank targets an inflation rate of 2%, it’s designed to lose at least that much value each year. And y’know, in recent years, has lost a lot more. Fractional reserve banking ensures there will need to be bank bailouts sometimes because banks are ‘too big to fail’. You will pay for those with the value of your Euro while the rich people who own banks don’t. Money printing doesn’t hurt them, their wealth is tied up in assets, not cash. Money printing hurts poor and middle class, who have the greatest portion of their wealth in money. Bitcoin solves all of this. It solved it over a decade ago.
Most cryptos are scams. Bitcoin has kept to its original economic policy and enabled sending transactions across the globe 24/7 365 for 15 years without a single hour of downtime or hack. You can send transactions in less than a second for pennies in fees to anybody on planet earth with a cell phone and a halfway reliable internet connection. It has a market cap of 850 billion dollars, that’s bigger than sweden’s GDP. It does this for less than 1% of global electricity usage, mostly from renewables.
Bitcoin and crypto are not the same. This will be the year Bitcoin is finally dead though, right? Finally all those users moving trillions of dollars a year in value I mean crypto bros will get whats coming to them and the entire Bitcoin ecosystem will disappear overnight because it was based around nothing but hype.
What alternative do you suggest? Please tell me it’s not crypto.
Checked their profile.
They’re gonna say crypto, lol.
K it solves this problem but hold onto your constantly devaluing fiat is you prefer. Your Euro’s portion of the supply decreases every year. Your BTC’s portion of the total supply stays the same every year. Your euro or BTC’s value may change relative to other things, but since the Euro central bank targets an inflation rate of 2%, it’s designed to lose at least that much value each year. And y’know, in recent years, has lost a lot more. Fractional reserve banking ensures there will need to be bank bailouts sometimes because banks are ‘too big to fail’. You will pay for those with the value of your Euro while the rich people who own banks don’t. Money printing doesn’t hurt them, their wealth is tied up in assets, not cash. Money printing hurts poor and middle class, who have the greatest portion of their wealth in money. Bitcoin solves all of this. It solved it over a decade ago.
Most cryptos are scams. Bitcoin has kept to its original economic policy and enabled sending transactions across the globe 24/7 365 for 15 years without a single hour of downtime or hack. You can send transactions in less than a second for pennies in fees to anybody on planet earth with a cell phone and a halfway reliable internet connection. It has a market cap of 850 billion dollars, that’s bigger than sweden’s GDP. It does this for less than 1% of global electricity usage, mostly from renewables.
Bitcoin and crypto are not the same. This will be the year Bitcoin is finally dead though, right? Finally all those
users moving trillions of dollars a year in valueI mean crypto bros will get whats coming to them and the entire Bitcoin ecosystem will disappear overnight because it was based around nothing but hype.The entire point of inflationary pressure is that it deincentives holding on to it. Basic economic principles.
He told you not to mention the fantasy money lol
lol