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by SwimSwimHungry
1485 days ago
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>In addition, the dollar is guaranteed to be diluted, meanwhile for Bitcoin, there's no such certainty. People having to HODL tell themselves whatever they need to to feel confident in their so-called investment. Frankly, people that bought towards the top in Bitcoin are still massively down and that lack of certainty isn't exactly a comfort. Besides, although I tend to think of your comment painting USD in a poor light, the USD is actually working as designed; to be nominally inflationary to encourage spending and investment in productive aspects of society and business and not to encourage hoarding. The USD is doing exactly what it's supposed to do. |
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Isn't this the case with almost any other asset at the moment?
> The USD is doing exactly what it's supposed to do.
The current levels of inflation weren't planned. But lowering interest rates it's so tempting and easy, and rising them so unpopular.
The US debt has bee doubling every 8-9 years in the XXI century. The current approach is not sustainable and nobody wants to be the one to stop it. I don't foresee a bright future for the dollar and I fear the day our debtors demand actual stuff for our dollars.