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The issue with your theory, that inflation only effects holders of fiat, ignores how inflation effects prices; namely wages. The normal course of things is 1) money printer go brrr, 2) prices of everything goes up, 3) wages stay the same. Wages always lag inflation. This means price increases effect the lower classes the most. So, regardless if you hold fiat (and the poor can never hold onto any in any case) inflation still makes you poorer. This is one reason for the widening financial divide: Only the affluent have access to credit or leftover fiat to invest in things that can hedge inflation. Bitcoin reverses all of these trends.

Dissident Sound 1y ago

i don't believe in Bitcoin because i don't buy the premise that Bitcoin is money.

Bitcoin is a meme asset. Even if we ignore the meme part it is still an asset, not money.

Money is created by the powers that be for their own benefit - and we are forced to use it to pay taxes - it is how the system of wage slavery is set up. Bitcoin does NOTHING to change this.

You can invest in any number of assets like Real Estate, Stocks, Precious Metals etc. Bitcoin is just one more asset like that, except it has no use in the world whereas for example Gold is useful in dentistry and electronics, Stocks represent businesses that solve the needs of customers and so on.

So Bitcoin is just an ultra-retarded Asset. It isn't money. As such it solves nothing.

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Discussion

Brunswick 1y ago

This is certainly a possibility. What I read you saying is that the government, ultra rich and powerful dictate the unit of account and therefore they control the minds of the entire world with their money. Yes, this is the case today, and your viewpoint assumes nothing will change.

My issue with this is that money has always changed to whatever is the preferable economic medium for the time, and it should be painfully obvious we are suffering under an old technology that solves a problem we no longer have; that is how to mobilize an entire continent into a global war. Nuclear weapons have made this objective obsolete, and it's time to put these previously acceptable but wicked and corruptable measures behind us.

Dissident Sound 1y ago

as long as government has the authority to throw you in prison for not paying taxes, your not using their money doesn't take away their power.

it is still feudalism where you pay them in exchange for them allowing you to live. you are a still a serf.

whether you pay a knight or king or to the church or to mafia or to government - you are a slave.

in fact the money used during feudalism was hard money - it was literally basically just gold and silver shaped into coins - and people were just as enslaved as they are now.

the job of people is to produce goods and die in wars. the job of government is to rob and enslave and send people to their deaths.

money is just an accounting system. it has changed throughout history but relationship between people and government never changed even as we renamed it from democracy ( Greece ) to republic ( Rome ) to feudalism ( middle age Europe ) to republic ( Early America ) to democracy ( what we are told we have now )

the entire "bitcoin solves this" narrative is just a pump, same as how Elon's "DOGE" ( department of government efficiency ) is a pump.

i frankly do not understand why little guys choose to pump assets when it would be a much better use of their time to simply switch to a different asset that is already being pumped by somebody bigger.

i mean it takes a million bitcoiners pumping hard to pump bitcoin up in a year by the same percentage that some other meme coin can be pumped up by a single individual ( like Elon or Andrew Tate ) overnight.

no need to for reading any books by Lyn Alden - you just have to be fast - you need to both buy and then sell faster than others do it.

for example when Trump won coins went up. you didn't need to know anything about coins to play that trade - you just needed to know that Trump is seen as pro-coin. you could have leveraged that trade and made bank.

this is how smart people make money. preferably using insider information but as you can see in this case it was not necessary to have insider information.

meanwhile fools spend all of their time telling everybody about Bitcoin and in the end make exactly the same amount of money as somebody who simply holds Bitcoin and never talks about it. a waste.