Topic: The problem of a depreciating currency (Read 637 times)
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I am sorry if this might have been covered at some point already, but I think it is important:
The problem of a depreciating currency is that it's value goes down, and people who earn the money today will be able to buy less with it tomorrow. This is basically a scam perpetrated against the people using the depreciating currency. For a long time the people running these scams have managed to keep the populace blissfully unaware of the trick, and making everybody think this was the natural outcome of an economy.
The obvious solution is to reject the scammy currencies and move our economic activities into currencies wich will be worth the same tomorrow as they are today. Like bitcoin.
The problem of a depreciating currency is that it's value goes down, and people who earn the money today will be able to buy less with it tomorrow. This is basically a scam perpetrated against the people using the depreciating currency. For a long time the people running these scams have managed to keep the populace blissfully unaware of the trick, and making everybody think this was the natural outcome of an economy.
The obvious solution is to reject the scammy currencies and move our economic activities into currencies wich will be worth the same tomorrow as they are today. Like bitcoin.
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