Bitcoin solves inflation with deflation and transfer of surplus from labour to Bitcoin holders. Add inelastic coin supply, low transaction rate, no anonymity, high energy consumption, whales owning most coins, tendency to concentrate mining capacity in the hands of few players (7 pools own 50% of mining capacity), undemocratic governance and it looks even worse. Bitcoin is not money. At best it's a digital collectable. After a decade of trying Bitcoin's only application appears to be facilitation of ransom payments, speculation for rich and insecure middle class and evasion of sanctions by the likes of Iran or North Korea. Hard currencies simply don't work in practice and are fundamentally undemocratic. We tried this with gold and it didn't work.

The great thing with Bitcoin is that everybody gets the price what they deserve. Those ,,whales’’ are whales because they risked their capital when it was riskier to own, not because they were from wealthy families. It’s still a risky investment of course, so I understand that most people don’t want to own it.

Bonds are a form of lending and pay coupons. Shares experience capital appreciation from business growth and pay dividends from profits. Houses bring rent. How does Bitcoin create wealth?

Not bitcoin per se but lots of cryptoassets do produce wealth in similar ways. There are tokens on ethereum than give you interest based on lending out your deposit just like a bank does. You can also get paid fees for providing liquidity for traders.

You can also get paid for securing the cryptoasset system in a PoS system although I don't think that has an equivalent in the fiat space.

Most understand a gold coin, or btc, don't generate wealth. They store wealth and shift it across space and time.

>what problem Bitcoin solves (inflation).

Some inflation is fine (some would argue has some value/purpose) - what you don't want is too much inflation, or deflation ("hyper"). But I doubt any cryptocurrencies can truly solve it (Bitcoin least of all).

But what I find fascinating, especially from the Bitcoin crowd, is how they trash all fiat currencies ("because inflation!!"), but still use fiat to compare/set the price of Bitcoin.

Basically, without fiat to give it value, their precious Bitcoin is worthless.

What country do you live in? Sorry, but for us, Hungarians inflation is devastating. It's the same for people who live in Argentina, Venzeuela and Turkey getting almost the same salaries as last year with prices of basic items going up like crazy. There are new price controls introduced all the time, but it's never enough to not feel poor.

I said some inflation is fine (ie. normal/expected) except hyper inflation/deflation.

What if it isn’t, and the Keynesians were lying to you?

Drinking water is good for you, but drinking too much water will kill you.

I do not think inflation is fine. Advancing technology and improvements in manufacturing should make my money buy more, not less.

and it did - for those technologies that became cheaper as a result. For other things that tech didn't increase the supply of, you end up paying more.

If you did not have inflation - or had deflation even, like in the case of bitcoin - everything would "become cheaper", but it would make certain types of goods/services scarcer (since they'd be paid less and less for doing the same labour due to the deflation, and so would choose to stop doing it at some point).

This totally ignores the greediness in capitalism, which cryptocurrencies exemplifies (there's no problems they actually solve, except the problem of how to make the rich richer)

Socialist countries and dictatorships also agree with you that inflation is good. It's not a greedy capitalist thing, it's a 'greedy people in charge of the money' thing. Inflation is theft, and the rich protect themselves by buying stuff that basically tracks inflation. The poor get run over.