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21 million chairs

21 million chairs



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16 Comments

  1. in this analogy “the end” would be dying, which makes the bitcoin chair just another item on the list of things that don’t “matter in the end.”

    But I’m curious what the new gripe would be towards the rich / property owners after everyone has bitcoin.

    Or does the anti-materialist delusion extend past ending war and into ending property

  2. I like this. Money that is guaranteed to lose purchasing power over time versus the best and only money that you can actually own. Do you think that real inflation is 9.1%? Come on, bro. It’s likely in the mid-teens or higher, and it will only increase.

    Think it through. If you experience a 15% increase in cost of living over a period of one year, then your purchasing power decreased by over 13%. If this rate of decay of purchasing power persists for five years, you will lose over half of the purchasing power that you stored in the dollar. And this is at 15%. We’re going to see higher values than that. Every fiat currency has been destroyed by inflation. Every one.

    And now we’re heading into a world where we Americans aren’t going to be the big dog. China is expected to overtake us economically by 2030; some think that they already have. They do already have a larger army and a larger navy than we do. Russia had their treasury holdings seized and were cut off from western financial networks; they’ll make their own, along with China, Venezuela, Iran, and everyone else that we’ve been bullying for decades.

    In the past, when economies have collapsed, the working man was left with only worthless paper. Thank goodness that we have a way out.

What do you think?

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