An average person who missed economics classes. Fiat backed by FED’s printing mood.
Bitcoin scarcity (MAX supply 21m)
2 Likes
It’s true because i try to work hardly at my work place but in my bitcoin wallets they do better than I do in my each week haha
1 Like
Neutrality: Bitcoin does not care who is using it
https://101blockchains.com/wp-content/uploads/2018/06/the-effect-of-bitcoin-meme.jpg
For the time being Bitcoin is mostly seen as a store of value but it can be used now to buy some things. Won’t be long before imo when it will be used for many more purchases.
https://101blockchains.com/wp-content/uploads/2018/06/the-effect-of-bitcoin-meme.jpg
For the time being Bitcoin is mostly seen as a store of value but it can be used now to buy some things. Won’t be long before imo when it will be used for many more purchases.
The Power of Deflationary Value
I like this meme because it illustrates so well how we have been brainwashed to just accept the Inflationary Devaluing of Currency. The only argument that I have with this meme is the ratios but the gist is right. I remember my Mom back in the early 1970s complaining if we spent more than $20-$25 on a full cart of groceries. I remember one time spending $40-$50 on two carts of groceries and my Mom felt so guilty spending that much money! That memory has really stuck with me to this day. Even though the first cart is showing the $20 in the 1920s and not more like the 1970s it still brings home the point. With a fixed supply of 21 million, BTC will never Inflate. It might drop in value from time to time but never due to QE.
Why would you want a car - stick to a horse
http://blog.modernmechanix.com/this-horse-is-better-than-most-1970-cars/
With hyperinflation people are turning their savings into bitcoin, in order to be protected from their countries printing unusual amounts of money.
1 Like
Once aggregate demand picks up again, some economists estimate 10% inflation may occur. Hard assets like Bitcoin protect against this!
The BTC allow us to store value much better than fiat currency which can be printed at any time. Also the inflation of BTC is going down with the time which can’t be said about the fiat currency.
Bitcoin is the future of money.
The new world reserve currency is slowly dominating the financial systems.
The new world reserve currency is slowly dominating the financial systems.
Bitcoin is a playtupus many things and people calling it a fraud usually give into it once they see it for them selves.
Our current FIAT currency is inflationary. There is no limit to the amount of dollars that can be printed into existence … brrrrrrrrrrr. This dilutes the currency’s purchasing power.
Bitcoin is disinflationary. It has a fixed supply, and thus a limited supply. It’s value is determined by the market, which historically sees stores of value increase in value over time. Thus increasing it purchasing power.
1 Like
Bitcoins monetary properties prevent corruption, inflation, fractional reserve banking, high transaction fees, storage fees… You want more?
Bitcoin holds up as a real store of value, one of its monetary properties. Not like some other well known “money” out there.
The meme is effective because it envokes the security of the blockchain. Hackers and idenity theives could not retrieve bitcoin from a storage wallet without a private key.