[joshxyz]

Thats just lame and missing the entire point of bitcoin lol.

I dont even know where to start, the fact that you're really criticizing bitcoin when you got factories cars and plastics around you, or the fact that the energy isnt wasted but spent to secure and preserve its speculated market value.

Sure, we could just use fiat (paper money), it's eco-friendly, right? But good luck in dealing with inflation lol.

Simple math for all: your 1 USD today is 0.99x tomorrow, while 1 BTC will always = 1 BTC.

[libertine]

I don't know much about the subject, and I'm one of those that misses the entire point of bitcoin itself and other mined cryptos... but if 1 BTC = 1 BTC, why is it being always indexed to USD?

I doesn't seem to make sense to say 1BTC = 1BTC, when people reference it's value to regular currency.

[joshxyz]

By 1 BTC = 1 BTC I mean humans can print USD, which inherently decreases the buying power of all existing USD. Can't do that with BTC.

[libertine]

I understand that, but my doubt still hasn't been cleared - if BTC is referenced to USD, then if you print more USD then doesn't it also decrease the buying power of all existing BTC?

[imtringued]

>But good luck in dealing with inflation lol.

2% inflation is necessary to keep economies fair and productive. Without inflation you basically get hoarders that do nothing productive with their wealth. Deflation increases wealth inequality and is far worse for the average person.