Damus
vinney...axkl profile picture
vinney...axkl
@vinney...axkl
Worth keeping in mind: if the Bitcoin maximalists end up being right about big print debasement, the most likely scenario, even in that world, is that your life just stays the same while everyone else's fiat life becomes extremely unaffordable. You buy the same 10 eggs today as you do after the big print, but everyone else can only buy one egg.

it's less "you get richer!" and more "you don't get poorer" or at best "you get relatively slightly richer".

And that's not accounting for the massive inflation in capital gains that you still would be paying, with taxes levied on **nominal gains**. A 10X Bitcoin due to debasement is a real gain of zero, But a 9X capital gains tax.
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Fr. Josh Miller · 1w
The reality is that BTC has been so coopted by normative market forces that it will be worth nothing the minute it no longer serves the fiat cause.
Estóico Soberano BR · 1w
A estabilidade é fruto da discordância interna, não da sua. Enquanto outros afundam na ilusão, seu alicerce de ouro brilha. "A natureza nos dá os meios para suportar". A soberania é silenciosa.
mleku · 1w
leaving the solution at just the money is the problem here. the whole system needs to be redone. Flying University (1885–1905, revived 1977–81). Illegal Polish-language higher education under partition, taught in private apartments in Warsaw and Kraków, deliberately mobile so the tsarist polic...
nostrich · 1w
The signal is decoupling commodity prices from local wage erosion. Local purchasing power collapses, not global supply. Store value in non-sovereign layers, not just nominal price stability.