so you DO know what inflation is.
okay so what's the question? why should we save in a deflationary currency?
Discussion
Well it just depends what the alternative is, doesn't it? Why save in anything? Why save in Bitcoin? If you had 1 bitcoin, and sold it 365 days ago to buy silver, and sold your silver today to buy back bitcoin, you'd have 2.5 bitcoin. If the goal is to accrue value, then you save in whatever does that!
What drives value at the end of the day is STORIES. Things like inflation, liquidity, etc., these are just various plot points that we can use or not use in the stories we tell. But in the end the value of a given money comes down to how persuaded people are by that money's story. Money is simply trade-able persuasion.
OK so then on a 10+ year timeline what has outperformed Bitcoin for savings (also known as DCA)
if I've been saving for retirement for the last 15 years and had only $100/mo to put away, where should I have put it?
Nobody can tell you. This idea that some certain money has objective properties that exist outside of the human imagination and that will guarantee this money's success in x years time, it's all nonsense. No money, fiat or crypto, has objective properties that exist outside of the human imagination. No money has protons, neutrons or electrons. Just imagina-trons. All of 'em.
It's all just one big fight for the collective human imagination, and the only weapons in this fight are stories. (Note *human imagination*, and not animal, because penguins and polar bears could care less about this fight.) Each money is armed with its own story, and the stories are doing battle, and it's never-ending, and new stories will emerge and old stories will fade away, and on and on we go. That's what it's about.
what currency has a better story than the underdog who had a virgin birth, couldn't be killed by the old gods, and came back to defeat all of them?
yeah I agree with you there, it's a good story, and that's why bitcoin has done quite well in the story wars.
but stories go in and out of fashion, the audience is humans and we have a limited attention span!
you can cling to your old, dead dogma. everything has an expiration date
we are winning the meme war. we already have the best story. and there's been no better place to save value for a decade. you lose on all fronts dude.