I see that fiat loses value. I can see it every day. But I can still buy "something". I can't buy anything with Bitcoin other than fiat.
nostr:npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9 imagine you are measuring your nephew’s height. He is a healthy young lad visibly progressing well.
Your ruler uses cm or inches - whatever your preference is.
All of a sudden the international society of ruler central planners decree that today’s cm/inches are 40% smaller than yesterday’s cm/inches.
Did your nephew grow 40% in height overnight?
This is fiat central planning in a nutshell. All economic calculation is persistently and periodically rugged.
Discussion
Good point.
Can you buy things with Nvidia shares, real estate, or silver bars?
All investments are converted to currency accepted locally prior to consumption.
Btw on nostr:npub1864jglrrhv6alguwql9pqtmd5296nww5dpcewapmmcazk8vq4mks0tt2tq you can see density of merchants who accept
Nvidia shares get me dividends, real estate I can use for a shop or a factory or farming, silver can be turned into jewelry, cutlery, electronic things and a thousand other uses.
most people in the world don't have access to brokerage accounts or mortgages. They just need a way to save money that doesn't lose value.
How is this hard to understand?
It is apparently 🤣
Stockholm syndrome
You're confusing "use" and "value". bitcoin might have no use, but it has value. And if it has value, it can be used as investment.
But you're still wrong about "use", many activist groups could not have survived without bitcoin after they had their bank accounts closed by the states they were protesting against. Wikileaks is a prime example. And that's just the most obvious use.
Sure. Happy to talk about that.
Before we do that do you agree all your investments must be converted to your local fiat currency (I presume you are not in nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu, Btc Ekasi, or a similar village/town)?