better than the cult of USD. how's that doing this year? or last year? or the year before? or ever?
does it even have a THEORETICAL path to value?
I'll take my currently existing and computationally reinforced and yes bubbly increase of value.
does it even have a THEORETICAL path to value?
I'll take my currently existing and computationally reinforced and yes bubbly increase of value.
If Bitcoin falls to 0$ tomorrow, the vast majority of people would shrug and move on with their lives.
i'm pretty sure we're already there in 2022.
If you take the 7% inflation of 2021 at face value, and apply it to the M1 money supply, the headline of this article (130B lost) played out for USD eleven times in 2021 without recovering.
If I understand you correctly, I think you're implying that everything has to be speculative, like currencies too?
I'm implying that a currency should make an effort to maintain its value to be considered a currency. The fundamentals of USD are not backed by a trade surplus or by a demand for foreign reserves, as has been the case for the majority of time since the end of the gold standard. In this context, indefinite QE unsupported by economic growth puts USD in an unprecedented position, and is exposed to runaway inflation.