Africans already do. They're way ahead of us.
Goys, I think we have a problem
Landon Ramirez
Wyatt Sullivan
And who do you think gets to enjoy the benefits of the inflation in the current system?
Ryder Gutierrez
Everyone screaming for mass adoption don't realize that with actual adoption comes flattening of price. Remember someone saying they will tame btc? That's exactly what will happen. Enjoy your 5% or less gains per annum. Better accumulate a shit load before that happens
Chase Campbell
This is basically why people say BTC is a 'store of value' and not a medium of exchange. Usable currency needs to be inflationary. Inflation has to match economic growth, otherwise no one will want to spend the money. That's why a lot of people prefer to spend Dogecoin instead of Bitcoin for purchasing stuff.
Bitcoin will become increasingly rare over time, not just because of halving but because people lose their privay keys. No, Bitcoin will never become an important unit of account. Some stablecoin will take the lead eventually. Bitcoin will always be like beanie babies.
Jackson Kelly
spending 3500$ or 10 shitstate coin instead of 1 bitcoin is exactly the same as spending 1 bitcoin, as long as bitcoin exists.
when you buy shit with fiat that's profit you're not getting from buying instead things that will gain value. there's only one economy and everything is tied.
Nathan Clark
Dec 17 total btc hashrate: 17TH/s. 5.4e20 total hashes over 2017. pareto: 80% of the work done on asics mining at 10TH/J gives 4.3e7 Joules for 2017. 20% on gpus at 1MH/J gives 1.1e14 J. global energy consumption: 20k TWh=7.2e19 J. btc network used 0.00015% of what the world used
Leo Mitchell
This.
And the fact that the inflation accelerates taxing even more in countries with high tax progression. Inflation is taxation without representation.
youtube.com
Watch.
Logan Powell
There is a point at which price would be more or less stable because people would need or want to use their gains to buy other shit. Don't believe the jew tulpa in your head telling you that deflationary monetary policy won't eventually reach an equilibrium between supply and demand
Joseph Perry
Two words: diversify, nigger.
Anthony Jones
Thats what a recession is, its when you have deflation. You fell for the inflation conspiracy like the rest of the cryptobrainlets