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Without bitcoin, you will finance the debt implicitly

3年 之前
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There's lots of new people, they might not be fully orange pilled at this point. Let's get a few things straight.

The US debt is massive, they're not going to pay for it with tax cuts, they are going to pay for it with printing. If you hold fiat, if you have contracts that promise to pay you later in fiat (e.g. bonds) then you will pay for that debt in proportion to that fiat exposure. It will be intentionally, by design, not clear the exact moments when that inflation takes place (e.g. when the printing happens, when financial assets show price increase, when land shows price increase, when bread does). If everyone knew exactly when fiat loses it's value, they'd dodge those losses.

You can debate the morality of who racked up that debt, who should pay for it, what all that money bought, etc. But the facts are that you will pay it off and more in proportion to your fiat exposure and it will be hard to predict. Bitcoin isn't a good asset to speculate on and jump back to the 'safety' of fiat. Fiat is a ship guaranteed to sink, it just sinks slow since it's so big. Bitcoin is a non-sinking ship. It's that simple. Get off fiat. Stay off.

submitted by /u/dickingaround
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3年 之前
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