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Deflationary currencies destroyed nations for millennia around the world. This isn’t the W you think it is.
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RT @RadagastTBrown
This is why calling Bitcoin "digital gold" vastly understates its performance. Bitcoin is 𝘦𝘹𝘱𝘰𝘯𝘦𝘯𝘵𝘪𝘢𝘭𝘭𝘺 more effective at storing wealth than gold is.
https://twitter.com/RadagastTBrown/status/1394350444269522951
Feels like explaining to YIMBYs that real estate can crash, or explaining to suburbia apologists that cities exist because they’re more efficient for the poor.
We truly live in opposite world these days. People unaware of history are in for painful awakenings.