tonycarrera on Nostr: I keep trying to come up with simple ways to explain why #bitcoin is a worthy ...
I keep trying to come up with simple ways to explain why #bitcoin is a worthy investment.
Here’s another attempt, thoughts?:
The US Dollar, the strongest currency, is literally designed to debase (lose value) because of its 2% inflation target.
The US Dollar is mathematically designed to go down in value while Bitcoin is designed to go up in value with its fixed supply.
I still don’t think I’m there but still trying… more detail:
This means the fed WANTS to print *just enough* dollars to maintain inflation at 2%.
Let’s assume their metric for inflation is right (it’s not), that means BY DESIGN, the dollar is scheduled to lose at least 2%. Guaranteed.
At 2% per year, your wealth in US Dollars loses half its purchasing power in 35 years.
If you know your wealth is being eroded away, why not put it in an asset which won’t erode?
#btc #asknostr #grownostr #inflation #saveyourself #plebchain #economics
Here’s another attempt, thoughts?:
The US Dollar, the strongest currency, is literally designed to debase (lose value) because of its 2% inflation target.
The US Dollar is mathematically designed to go down in value while Bitcoin is designed to go up in value with its fixed supply.
I still don’t think I’m there but still trying… more detail:
This means the fed WANTS to print *just enough* dollars to maintain inflation at 2%.
Let’s assume their metric for inflation is right (it’s not), that means BY DESIGN, the dollar is scheduled to lose at least 2%. Guaranteed.
At 2% per year, your wealth in US Dollars loses half its purchasing power in 35 years.
If you know your wealth is being eroded away, why not put it in an asset which won’t erode?
#btc #asknostr #grownostr #inflation #saveyourself #plebchain #economics