walker on Nostr: Even though agricultural technology has gotten exponentially better/more ...
Even though agricultural technology has gotten exponentially better/more efficient/more productive, and technology is naturally *DEFLATIONARY* (cc Jeff Booth (npub1s05…eyhe) ) food costs more now than ever.
Why? How is this possible?
Because our money is fundamentally broken.
When the government/central bank cartel prints money out of thin air, the purchasing power of the monetary unit (e.g. the U.S. dollar) goes down.
This is called “inflation.”
When centralized powers are in control of the monetary system, they will *always* debase the currency. The efficiency/productivity gains of technology (which should be making everything cheaper to buy) are stolen from you.
This is why #Bitcoin is so important. There will only ever be 21 million bitcoin and no one can print more.
When you save in Bitcoin, you benefit from the deflationary gains of technology. The things you want to buy get cheaper over time when priced in Bitcoin, not more expensive like when prices in any fiat currency.
When you save in fiat currency, your purchasing power shrinks.
When you save in Bitcoin, your purchasing power grows.
Why? How is this possible?
Because our money is fundamentally broken.
When the government/central bank cartel prints money out of thin air, the purchasing power of the monetary unit (e.g. the U.S. dollar) goes down.
This is called “inflation.”
When centralized powers are in control of the monetary system, they will *always* debase the currency. The efficiency/productivity gains of technology (which should be making everything cheaper to buy) are stolen from you.
This is why #Bitcoin is so important. There will only ever be 21 million bitcoin and no one can print more.
When you save in Bitcoin, you benefit from the deflationary gains of technology. The things you want to buy get cheaper over time when priced in Bitcoin, not more expensive like when prices in any fiat currency.
When you save in fiat currency, your purchasing power shrinks.
When you save in Bitcoin, your purchasing power grows.