> We have a major problem with inflation in this world, you can't just put your money somewhere and have it retain its value anymore and it hasn't been like that for years, we're forced to play the stock market game which just consolidates power to big corporations and leaves a lot of people all over the world left behind...
The Bank of Canada found that a Bitcoin based economy would have the same amount of drag as a 48% rate of inflation [1].
A 2% rate of inflation is trivial in the near term, and in the long term encourages productive allocation of capital. Inflation literally only matters to people sitting on cash -- and that's the point! If you invest it in anything inflation stops mattering and the constant-dollar return starts to matter.
The Bank of Canada found that a Bitcoin based economy would have the same amount of drag as a 48% rate of inflation [1].
A 2% rate of inflation is trivial in the near term, and in the long term encourages productive allocation of capital. Inflation literally only matters to people sitting on cash -- and that's the point! If you invest it in anything inflation stops mattering and the constant-dollar return starts to matter.
[1] https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp20...