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Abuirfhan
@Abuirfhan
Fiat currency has an interesting side effect: it makes you increasingly creative about where to hide your wealth.

Gold in a vault. Art on a wall. Real estate. Collectibles. And apparently, even a banana taped to a wall can become valuable art.

When the currency itself can’t reliably preserve your purchasing power, you start storing wealth in almost anything except the currency.

Quite an achievement: a monetary system that makes people afraid to save in money.
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Bitcoin Mises · 3w
Banana stands
Johnny · 2w
nostr:nprofile1qqszsc5zhe2s6kqc9w6qmem23gswkn3hs9v3pmmupsd044j4f3ruysgkelamw The banana went for 6.2 million dollars at Sotheby's in November 2024 and the buyer ate it. That is the clearest picture of the problem: once the unit of account leaks, the market will price fruit and duct tape as a store o...