Bitcoin is the only voice we have against such policies in todays world. I mine because I believe in bitcoin. I will continue to mine regardless of the exchange rate.
Bitcoin is the only voice we have against such policies in todays world. I mine because I believe in bitcoin. I will continue to mine regardless of the exchange rate.
It's due to economic forces, yes, but US monetary policy is hardly the picture of a "free market." Legal tender laws alone would end in the US Dollar driving everything else out of the domestic market, even without other factors.
The number of bitcoins is capped at a distant future date; but in the present, it continually increases. This is similar to how a curved Earth can appear to be locally flat. For now and for many years to come, the supply of bitcoins does inflate constantly.
Inflation is a measure on prices, not money supply. Bitcoin’s money supply is increasing. It is, on average, deflationary.
Risk free savings used to be much easier when the dollar couldn't be freely printed. Sure, there were times of moderate deflation and moderate inflation, but overall the average was 0. Furthermore, labor was able to consistently achieve wage gains. Those days ended in the 70s (and is evidence by the famous wage-vs-productivity charts). Also, you're conveniently ignoring the fact that fiat currency has made it possible for governments to print money to pay for war instead of needing to levy a tax on its citizens (something which would frequently be met with protest).
There, that's two examples.
My savings are in MMAs, CDs and Treasuries. These earn interest and, on average, track inflation. Savings and investments shouldn’t be conflated; neither should saving and hoarding cash.
What's nice about BTC (it appears to me) is that it's the largest platform with the most buy-in & mindshare. If that changes we'll have a different set of options available to us. Until then, it's the best option that the planetary civilization has to constrain a set of powerful actors who appear to be above reproach by law for their morally deficit behavior (historically, and presently).