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It is a long way to become the globel reserve currency. It takes time together people to understand it.

If more and more people understand the value of a money without the process of printing it in a Central Bank.

Then the people will start to use it

It's simply take time

In my opinion it is a good thing to have volatility in the beginning you'll simply get more of this scares good for less Fiat s*** coin.

It doesn't need permission from government or an authority you can simply join it.

#Cymru #Wales #Bitcoin #IndyWales #OrangeWales

One of the major issues with inflation is that it puts the onus on wage earners to try to keep up. A depreciating unit of account benefits the status quo and puts the burden of negotiation on the one that wants to change it.

For example when Egypt cut their currency in half relative to the dollar over 18 months, every worker now has to try to double their wages or simply accept lower international purchasing power, and of course 99% get the latter.

One of the big narratives in UK and other parts of Europe lately is that they gotta prevent wages from rising too fast lest they cause inflation. But those wages are just trying to recoup some of their losses from inflation. First lawmakers said it was a supply chain problem, then they said it was an oil price problem, and now they say it's a wage problem, but ultimately it's a quantity of money problem (and an energy insecurity problem).

A lot of people change jobs unnecessarily just because that's how they get wage increases. Wages become "sticky" and so rather than moving up wages in place rationally to keep pace with inflation and the worker's own increased productivity, workers have to change jobs for no other reason than to reset the anchoring bias.

We cannot win a rigged game by playing it. We win by playing a different game. 🫡