and a currency whose value approaches zero as time grows. if bitcoin is bad, how is that much better?
run businesses? to say nothing about whether those businesses are sustainable or actually generating wealth & human prosperity. if you look at all the worst aspects of the economy, they're based in expansionary monetary policy and high time preference
> inflation as the thing that keeps money in circulation
it keeps people spending money on usually wasteful things and incentivizes the consumption of cheap goods, if you want an economy built on prosperity and enduring goods, you need to actually incentivize saving (not wasteful consumerism)
surely people value things other than paying off liabilities?
why are you getting so defensive about the fact that fiat currency exponentially decreases in value
This is an attack on this whimsical philosophizing crypto-boosters use as a defense. No one cares about this "what is money" commentary. If you believe in your moon money so much why not just actually use it as money? Of course you'll have to lose those gainz but real money is just worthless paper right?
I don't buy stuff with it though it's being used to facilitate transactions for people. I route around $40k a month.