working currency that has lost 95% of its value over the last 100 years (referencing inflation of US dollar since 1920)
A currency that doesn't inflate, doesn't get spent. It gets horded and stops acting as a medium of exchange. Exactly what we see with crypto and why the currency part is bullshit with it.
It is just embarrassing how ignorant people into crypto are with economics. This is economics 101 stuff, most basic ideas.
So you are saying Bitcoin made saving value possible again?
it’s more that using fluctuations is bad logic for both crypto and fiat
being a user of US currency over the last 100 has been generally good for all involved
i’d say the same is true for ethereum (i’m a bit eth maxi with small holdings of other crypto)
if you are at all actually curious i wouldn’t read anything about crypto since the writing is so polarizing (crypto =scam or crypto is saving the world).
neither is true but no amount of words will give conviction.
download metamask, buy $500 of eth, swap it into usdc on uniswap, buy a shitty nft on opensea. then see if you like it. do not treat the $500 as investment. treat it like education.