All human endeavors are downstream of the money we use.
Fiat systems force degenerative incentive structures, humans competing at extraction rather than value generation.
₿itcoin inverts the incentive structure & grounds us under the laws of the universe- not the laws of man.
@scottmelker Hmm I wonder why a guy with a gold company would say such a thing🤔
“In other news, local horse and buggy salesmen does NOT like cars! Warning of great danger and risk!!”
#petershill
@Rajatsoni The bottom price can never knowingly be had, it’s a lagging indicator that can only be identified after the fact.
Just DCA and double down on dips if you can afford it, that’s all
The problem with fiat is it requires inflation to sustain the system. Prices going up permanently, by design.
Bitcoin has an inherently deflationary supply issuance, a truly scarce form of money. With deflationary money, prices go down permanently by design.
Your money goes further each year than the year before, incentivizing saving/future planning, and growing prosperity.
@kealeyma@Rajatsoni Crypto wouldn’t NEED to exist without fiat.
Without fiat we’d still be on a hard money standard, inflation wouldn’t be a problem, bitcoin wouldn’t be created in reaction to that problem.
Fiat money necessarily inflates to sustain itself, ₿ is a reaction to that fact
@dotkrueger This post will age like milk…
I don’t think anyone’s counting on stepping off the ship and having Mars support them, Fred!
It will require infrastructure to be built, but it will happen. “Never” is crazy pessimistic.