[xiphias2]

5% inflation a year (which is closer to 20% for people who want to own their own house) is devastating long term.

People in the US can just buy S&P stock in their 401K to defend against it, but most people in the world don't have that privilege.

I agree that volatility of bitcoin is really hard to stomach (I have been through 85% downturns and it sucked, and people have made fun of me many times, I just got used to it). But there are enough people who have so bad pension systems in the world, that they see the huge volatility of bitcoin as a better option than trusting their government.