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Dan Held: Inflation is the greatest con in human history. Bitcoin fixes this
Community Response: I think I’ve heard this somewhere before. Literally everyone has said it
How does an asset that lost ~7% last month fix inflation? What about the last 6 months, 1 year, 5 years etc? Inflation is a larger undercurrent, not the daily stock prices.
Agreed! It’s the highest tax of them all, hidden in plain site. Imagine how much better the standard of living would be for all peoples if the money supply was fixed. Then we would actually benefit from the deflationary effect of technology and innovation.
This is just a wealth exchange. Believe it, all investors withdraw from the market at the same time, so there will definitely be people who withdraw last. What can they get?
You got to hand it to them, they got away with it for a really long time. Stealing from everyone without them even knowing is a really good scam
Bitcoin will reset the odds, reducing the capacity of the nation-states to determine who becomes a Sovereign Individual. A part of this change will be caused by the effect of IT in liberating the holders of wealth from expropriation through inflation. The Sovereign Individual.
Yes, and buckle up, Central Banks will try to do (their ‘losing’ fight has not started in earnest) everything possible to keep their beloved citizens from using the bitcoin scape hatch.
Inflation is either caused by people who have no idea what they are doing or people that know exactly what they are doing. Both scenarios are deeply terrifying.
We have been experiencing the inflation for many years and really it is not possible to accustom it.
Inflation pushed 1 income families to 2 income families. It makes static tax rates abominable and unbearable.
Inflation is certainly an unpleasant phenomenon, but you can fight it with the help of bitcoin
Just for reference – U.S. consumer prices jumped 6.2% in October, the biggest inflation surge in more than 30 years.
Ironically also sets the stage for Bitcoin. Inflation is a hidden tax. It imposes a tax on all people who have money in their hands, who have deposits in banks, and who have money in the future. And this tax is not very fair, it is not levied according to the amount of property.
I quite agree with your idea, but inflation is due to certain factors or government currency, especially in the United States.
Agreed, and they are in this con with the banks that you trust. But it’s setting the stage for crypto. New altcoins such as TAC will raise.
Bitcoin fixes nothing, because it is nothing. Inflation isn’t a con. It’s a fact of any economic system.
There is a cure for inflation – Bitfinex. People have long found a method to fight inflation – Bitfinex
This is also gratifying, which shows that your choice is very correct. The more people who wake up to that the better, Power back to the people, Banks are old hat.
Bitcoin can really do it. And central banks are to blame. Bitcoin is great. Next to religion.
You’re assuming Bitcoin is the only credible cryptographic use case and that the majority of humanity will be loyal to Bitcoin and Bitcoin alone. In 2021 I don’t believe it’s scarcity isn’t short of artificial. $XMR isn’t as scarce but it’s more valuable to my circumstances.
