A deflationary currency doesn't fix the money, that's why Nixon abandoned the gold standard because it didn't give the economy the money it needed to operate.
Because as most Saylor Maxis have proven they just spend fiat, and hold Bitcoin in the hopes it's value continues to go up, they don't intend to spend, or use it at all.
Whereas with Monero its "inflation" will stay under 1% in perpetuity.
In almost every market where Bitcoin, and Monero compete Monero usually Dominates.
Retard spotted!
Someone really bought into the Keynesian propaganda
Nixon abandoned the gold standard because he was a piece of shit politician that could not control spending lol
Yes, I mentioned that in my note.
Nixon wanted to spend more than the gold backed dollars in circulation.
And because gold is a failed money that requires trust and centralization he was able to move to fiat
Bitcoin fixed the money problems that gold couldn’t
Gold is inefficient but not failed.
People used to settle in gold with coins, etc. but preferred cash because the technology to make gold lighter, and more portable didn't exist until very recently.
The gold inefficiency problem has been improved upon with goldbacks.
Bitcoin took away currency control on the internet, and was an amazing proof on concept that allowed better cryptocurrencies to arise.
I agree that without Bitcoin as a prototype other projects probably wouldn't have been made but like any technology innovation is inevitable.
And most people agree that Monero, and Z-cash are the next technological upgrades to Bitcoin.
