Purchasing power of USD over time.
Fortunately it helps Bitcoin and satoshi to increase in value over time.
How is the 21 million bitcoin cap defined and enforced?
Satoshi value increases with time.
https://charts.bitbo.io/satoshi-per-dollar/
Topic: Just a reminder: How shitty US Dollar could be Vs Bitcoin - page 2. (Read 213 times)
Purchasing power of the US. dollar and other fiat currencies fall with time because of their high inflation from massive money printing. Money printing decisions can be ordered by governments and central banks will do it anytime they want. No control against inflation with fiat currencies and their loss of purchasing power is not hard to explain.
Purchasing power of USD over time.
Fortunately it helps Bitcoin and satoshi to increase in value over time.
How is the 21 million bitcoin cap defined and enforced?
Satoshi value increases with time.
https://charts.bitbo.io/satoshi-per-dollar/
Purchasing power of USD over time.
Fortunately it helps Bitcoin and satoshi to increase in value over time.
How is the 21 million bitcoin cap defined and enforced?
Satoshi value increases with time.
https://charts.bitbo.io/satoshi-per-dollar/
Decline in purchasing power is NOT just a USD issue. ALL fiat-based economies have followed that rule throughout time immemorial. The topic title should be changed to Re: Just a reminder: How shitty fiat could be Vs Bitcoin
It's called inflation and is a result of governments always wanting to see growth in their economies - guess what drives growth: the vicious circle of people wanting to earn more for the work they do or services they provide. That in turn means they have to charge customers more which in turn makes things more expensive so folks have to earn more to buy things. Rinse and repeat ad-nauseam.
I defy you to find one example of any economy that has had sustained deflation.
It's called inflation and is a result of governments always wanting to see growth in their economies - guess what drives growth: the vicious circle of people wanting to earn more for the work they do or services they provide. That in turn means they have to charge customers more which in turn makes things more expensive so folks have to earn more to buy things. Rinse and repeat ad-nauseam.
I defy you to find one example of any economy that has had sustained deflation.
A quick search on Google will say this below on the purchasing power of dollar over decades
This is just reminder that bitcoin is a paradigm that has lead the would to a new way of doing things, and a solution to both financial crisis of 2007/2008 and Double spending. It has proven to have performed even high than Gold in recent times and is probably going to be top #1 of all cryptocurrency for as long as it keeps existing.
Bitcoin is only a decade and five years old, the interest it has yeild and it's growth over the years both in price and community support has shown its uniqueness and should be taken as a serious investment. Don't trust a currency that depreciates over the years with your investment rather take advantage of bitcoin volatility today.
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Since 1972, it has fallen by 99 percent against gold and lost 90 percent of purchasing power of real goods and services.
Imagine if US Dollar were a cryptocurrency, it would have been one of the most shitcoins ever. This is just reminder that bitcoin is a paradigm that has lead the would to a new way of doing things, and a solution to both financial crisis of 2007/2008 and Double spending. It has proven to have performed even high than Gold in recent times and is probably going to be top #1 of all cryptocurrency for as long as it keeps existing.
Bitcoin is only a decade and five years old, the interest it has yeild and it's growth over the years both in price and community support has shown its uniqueness and should be taken as a serious investment. Don't trust a currency that depreciates over the years with your investment rather take advantage of bitcoin volatility today.
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