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Replying to Avatar Ian "nostr.naut.social" D

Cut out all the bull and the ONLY thing that counts as SAVING is owning assets.

Asset prices are not tied to how Gvt handles fiat.

If you bought a house in Germany in 1905 and sold it in 1965 I think you will have been through 5 or 6 different fiat structures.

What is an asset for these purposes? Houses/land/property. Gold. BTC does NOT meet all the requirements of savings because it's fundamentally a bet against fiat and as we reach the "they fight you" stage, the most at risk of confiscation by Gvts. They could do the same to land and gold (USA did do this to gold) but it's much more unlikely.

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Korhag 2y ago

It is especially so obvious in my country due to very high inflation (like yearly above %70 for past 2 years). Also again obvious because it is much more difficult to confiscate Bitcoin than any other form of money I have.

I stay humble and stack sats and rest is just words…

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