Good point, this is infuriating but not surprising. The 2% limit was arbitrary to start with and now it's gone. Free reins to print more

2%🤣🤣

🥺

inflation will lead to galts gulch. bitcoiners will work for bitcoin. the productive as they already are in the uk etc will leave. hopefully

Add value to the world. Convert your fiat trash into the hardest money ever. 🤝

That's the play. The difference between Monero and Bitcoin is, that Monero is already at the bottom as it gets spent out of necessity.

Therefore in this scenario I feel much safer holding Monero than Bitcoin. What do you think what happens when people start to spend their hodled Bitcoins out of necessity? It'll be a brutal bear market where chaos and poverty awaits almost anybody including the smartest within our circlrs.

The question is not how we shield ourselves from the collapse. We can't. The question is how we rise from the ashes.

My biggest trust for rebuilding from the ashes lies with real cypherpunks that didn't get blinded by fake fiat NGU numbers. This includes Monero.

Salaries might be paid in bitcoin down the line. Who would trade their time&energy for fiat once fiat collapses? Humans demanding V4V (lifetime for corn) is inevitable.

Not enough.

When they realize your salary is tied to real value, they will increase income tax.

$140K 🤣

We are going to be poorer than ever, and you might think, “That doesn't affect me because I save in Bitcoin,” partly because your savings are protected, but your salary in fiat currency is not.

As I have often said, the CPI is the great weapon for impoverishing the population, since the CPI is manipulated downward and salaries are indexed to it, so your salary rises at a slower rate than inflation.

So, in conclusion, your salary will be worth less and less, and you will end up spending your Bitcoin.

Believe me, they have everything very well tied up. It has been clear for years that they would break that fictitious limit of keeping inflation at 2%.

The only option to this is to link salaries to hard assets such as gold or Bitcoin, and this is practically impossible today.

„[…] the CPI is the great weapon for impoverishing the population, since the CPI is manipulated downward and salaries are indexed to it, so your salary rises at a slower rate than inflation.“

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