0 sats \ 6 replies \ @Malachi17 16 Sep \ on: Unless your employment contract is in Bitcoin, you earn less each year bitcoin
Unless the entire market crashes taking all stable coins with it. Then bitcoin only has value relative to what other people value it relative to what it might purchase.
Thank goodness all the fiat currencies, like the us dollar, and the euro, are controlled by central banks to ensure their slow demise towards zero. At least you know what you are getting. What value do people place on the USD, knowing it is being regularly diluted in favor of the central bankers?
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I value it proportional to how many groceries it can buy, and little else.
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hmmm, that makes sense. Do you happen to live in one of those luxury countries where the fiat currency only dilutes by 6% per year on average, instead of 20% or 170% annually? That has a real impact on buying groceries. Some of those 'non-luxury' countries do far better on a Bitcoin. standard, today.
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I live in a country that persecutes you for your beliefs and the government does little about it to the point that whatever your money is or isn't worth, you cannot go get it anyway since in order to be paid you'd have to be part of the apparatus that comes after you for having beliefs different than it encourages. This also applies to bitcoin as it has gatekeepers and there are more and more of those each day.
I offered this place, for instance, to be a territory administrator for a religion section if someone wanted to supply the sats. Nobody wanted to do that even after the "Christianity" territory went goodbye. (I know that, because nobody did it)
Groceries are good, but spiritual food is important. Bitcoin or fiat don't solve either of those problems on their own.
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Once you are transacting purely in Bitcoin, there are no chokeholds. It is only if you are using Bitcoin to buy a local fiat currency that there might be gatekeepers. This is why working towards a Bitcoin circular economy is key to regaining the freedom of thought you so desire.
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Circular economies herald circle jerks. The medium is not freedom, whether it is shells, dollars, rupees, bitcoins, or bars of platinum. It comes down to the human element.
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