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It’s only useful for criminals because it’s allowed to be converted.

The Fed didn’t print infinite money. The government borrows the money it spends and pays interest.

They borrow (a large portion of) the money from themselves a.k.a. monetizing debt.

And so do consumers when they borrow from a bank. It’s not some mysterious black box.

If you bought BTC in 2021 how much value would it be storing now?

it is not a stable coin for certain @astrange, it is not a USD replacement but it is a deflationary store of value, where the value is supposed to accrue over longer term time horizons due to it is fixed number of 21m cap of number of bitcoins. so with the store of value comes quite a bit of volatility

It’s already been demonstrated how most inflation has been caused by corporate profit seeking, much of this confirmed by corporate executives boasting to shareholders.

Please stop amplifying capitalist propaganda.