Damus
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OostLog
@OostLog
Not sure what political persuasion this falls under, but I have basically come to view almost all major problems of the modern world to be a result of fiat currency. Low birth rates, war, excessive immigration, it all ties back to this in my opinion.

It changes how people think about family, risk, war, about time horizons. If money is constantly debased, you can only speculate just to stand still. Housing is a financial asset before it's a home. Governments can fund conflicts endlessly. Demographics become distorted because the economic base feels unstable.

I’m in the top 1% incomes in a rich financial hub. And still it feels like I'm running on a treadmill that slowly accelerates. Save? Inflation. Invest? Asset bubbles. Hold cash? Guaranteed loss. Take risk? Volatility. I can only imagine how bad it is for people who have far less than I do.

For me Bitcoin is the only way out.