Re:Temporary pause of Bitcoin withdrawals on Binance
by vel0city on Tuesday June 14, 2022 @10:23AM
(#31739955)
> inflation literally destroys wealth
Inflation doesn't destroy wealth, inflation erodes the value of money. Wealth and money are two separate but related ideas. One shouldn't tie up the majority of their wealth in money, its non-productive.
> how can someone working a non-high paying job store wealth when the value of that wealth is destroyed at a minimum of 2% per year?
By investing in productive assets instead of holding pieces of paper under their mattress.
Inflation doesn't destroy wealth, inflation erodes the value of money. Wealth and money are two separate but related ideas. One shouldn't tie up the majority of their wealth in money, its non-productive.
> how can someone working a non-high paying job store wealth when the value of that wealth is destroyed at a minimum of 2% per year?
By investing in productive assets instead of holding pieces of paper under their mattress.