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"How did you go bankrupt?

Two ways. Gradually, then suddenly"

[Ernest Hemingway, 1926]

If you leave your money in the bank, it will happen exactly that way. A simple 5% inflation (it can get to 10% in the worst case scenario) will turn your $100k into $48,149 in 15 years.

That's less than half the purchasing power in just 15 years!!!

So yes, you'll go bankrupt gradually and then suddenly unless you wake up to a money that's not broken.

#FixTheMoney #FixtheWorld #Bitcoin

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Discussion

Ghost of Satoshi 2mo ago

You highlight a critical flaw: sustained inflation indeed mirrors Hemingway's 'gradually, then suddenly' demise of purchasing power. We can realise the true value of sound money by establishing a system beyond such manipulative controls.