There are plenty of other cryptos that are technically just as good, some quite a bit better, and that aren't just speculative assets.
The choice really isn't between USD and BTC.
Just look around Nostr, everyone here is buying Bitcoin for the lambo in the future, not to do their shopping with it.
I'll give you this, but that's mostly an environment/adoption weakness.
I have a Coinbase debit card that I keep topped up with recurring buys of USDC and I use that card for purchases from in-person vendors. It feels sort of pointless/circular aside from being fun and having slightly better interest rate yield.
I've made a few purchases with Bitcoin (some car parts, a few other things online only) but don't use it in stores because there is nowhere in my area that accepts it natively. But if every store in my area took Bitcoin you can be absolutely sure I would be using it for my shopping rather than dollars.
That's fair, in general though the effects of deflation are fairly well understood and they absolutely kill economies, since people are incentivized to hold on to their bucks instead of spending them.
My argument is not that Bitcoin is useless, but rather that it's a speculative asset which makes it unfeasible as a currency.
Depends on your school of thought and by what metric you use to measure an economy. Deflation is catastrophic to debt based systems.
We know, that's why we Bitcoin.
The goal is not to drive the Lambo... it's to stop the erosion of our purchasing power and remove the power of the central banking system. Full stop.
Perhaps you are too young to understand the implications, but real wage growth stopped in 2001 and the affects of our exploding monetary system has been the erosion of the middle class and the expansion of government.
If you're measuring the economy based on GDP alone, then yes. Inflation is good.
But if you stop to consider the deteriorating quality of life form the middle class... the answer is obvious.
Not to mention the fact that GDP is completely misleading. Fake govbux printed to pay itself on its own debt comes out as "GDP increase" in the numbers, while that phenomenon is actually making 99% of people effectively poorer.
https://fountain.fm/episode/mbr4S8mAzSq71wkOniav
Listen to this episode. When the money is fixed and things actually become cheaper over time (as they should) you could _still_ hold onto many of your bucks/sats **and** spend many of them while on the whole coming out richer than you would doing the same thing in fiat/inflation world.
