But the fact is that, over time, the currency will permanently deflate.
The people who HODL indefinitely have their currency become more and more valuable (assuming it is widely adopted), while the people who join the system fresh with nothing are chasing after smaller and smaller scraps.
Over time, you have a class of early adopters who have disproportionate control over the economy, simply because they were there first.
...Does this situation sound familiar?
Yes, and it's permanent, irreversible deflation. What is the endgame of that situation?
What happens when people die or drop their phones in the toilet or otherwise lose private keys, effectively destroying bitcoin over time?
...But ARM is definitely safe, ARM will save us all
Oh wait https://www.arm.com/technologies/trustzone-for-cortex-a
Anything that you "just save" and do nothing else but become richer anyway is a ponzi scheme.
I make an exception for shrimp if it's fresh and wild-caught. It's also not like we grind up the chitin and the meat and everyone into a fine powder and bake cakes with it.
But over time I'm starting to wonder if even fresh, wild-caught shrimp might be gross.
You vill take zee chip in zee right palm
Und you vill eat ze bugs
Und live in zee pod
Und you vill be happy
Oh, I guess you're coming through the Mostr bridge then. Probably best to wait for the clients to get a little better first anyway.
Too much money to be made off the mentally ill to just let it stop being a thing
He made it over to Nostr! Hey SpiritSlice
Oh cool, lottery bots, just what Nostr needs
Would you believe there are STILL people shilling the vaccines online? It's true.
I thought I had earned a place on this list for sure! I'll have to keep trying
Yes, any moment bros, bitcoin is going to shoot wayyyy up
Everyone stop what you're doing! It's time to panic and listen to the "experts" as they unveil the solution to this sudden problem!
Make sure you, uh...Stay six feet apart and wear masks! Take these shots! Everyone paaaaanic!!
(Oh wait, that was almost exactly three years ago...What are the "experts" going to say this time?)
They don't want you to
- fast
- exercise
- quit porn
- take vitamin/mineral supplements
...Because that might just make you happier and healthier
If bitcoin has any inherent value apart from the dollar, then this isn't a problem.
If.
Funny enough, gold and silver don't seem to be faring much better.
Maybe the real value is our connection to God and the natural wonder of his earth...? The food that we can hunt and grow, and the closeness of family?
Nah, gotta go find the right stock and get rich. Gonna get a mansion and a yacht someday with hookers and blow.