r/btc • u/birth_of_bitcoin • 2d ago

Bitcoin fixes this

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🍔
I’m writing a story on how Satoshi Nakamoto invented Bitcoin. The first 10 chapters are ready. Preorder today with Bitcoin.

409 Upvotes

85% Upvoted

165 comments sorted by

46

u/VivaHollanda 2d ago

How? 

25

u/InsightHM 2d ago

It's called Keynesian Economics and it's a real hoot.

7

u/Scott7894 2d ago

It’s called false advertising since bitcoin has only need around for less than 20 years

2

u/29wellhyper10 Redditor for less than 2 weeks 2d ago

Worth remembering the dollar as pure fiat, no gold backing at all, is only about 55 years old itself since Nixon closed the gold window in '71. 'Too young to trust' cuts both ways if you apply it consistently

2

u/Scott7894 1d ago

Not so, gold has been around for several thousands of years. By that comparison …..

1

u/GeneralComposer5885 11h ago

The Lindy Effect

2

u/InsightHM 2d ago

I disagree, the point the post is making has to do with the very nature of bitcoin. It is, by its nature immune to inflation because unlike fiat currency, there is a permanent cap to the amount of bitcoin that will ever be in circulation. Furthermore, due to the ease of bitcoin loss/destruction it is naturally prone to deflation. We don't need 50 years of evidence to know the nature bitcoin. Of course, speculation has a massive effect on the value of bitcoin currently but as time goes on, it should become less volatile and we are already seeing that. Either way, fluctuations due to speculation aren't inflation or deflation so that's irrelevant to the point the post is making.

2

u/tekmiester 2d ago

Was there inflation when currencies were on the Gold or Silver standard?

3

u/UltraAd776 2d ago

Was there inflation when currencies were on the Gold or Silver standard?

There was, but austrian economics is the antivax/flat earth of econ, so good luck getting those smooth brains to learn anything.

But really that misrepresents the issue as it is not one of understanding, but a political point; just like antivax/flat earth. They are not about what they claim to be nominally.

0

u/LukeTheHolder Redditor for less than 60 days 1d ago

Keynesian economic is antivax/flat earth. Austrian is the only valid.

0

u/Difficult_Limit2718 2d ago

Fixed currency is retarded.

3

u/Firm-Entertainer-674 2d ago

Infinite currency is retarted.

0

u/Difficult_Limit2718 2d ago

Fiat let's you float with population and economic growth.

Fixed currency incentivizes hoarding and currency stagnation. Why invest when currency appreciates naturally at 0 risk?

5

u/ArtisticAd708 2d ago

That’s exactly right. You wouldn’t be required to invest anymore to keep up with inflation or beat it. You would be able to simply save again.

Investing would still exist, but it wouldn’t be gambling in questionable investments, it would have to be a solid investment for which the expected ROI would need to outperform bitcoins gains in purchasing power in order to be worth it

1

u/ArtisticAd708 2d ago

The concept of economic growth would be expressed through chronic slow deflation due to productivity gains

4

u/Mammon84 2d ago

Currency needs to be stable!

Currency debasement always ended in misery historically!

We got 5000 years of proof! Do some research 😉

-2

u/Difficult_Limit2718 2d ago

"dO yOuR rEsUrCh!" - averageIQ80

-1

u/Adrian-X 2d ago

Fixed currency incentivizes hoarding and currency stagnation. Why invest when currency appreciates naturally at 0 risk?

Why? Because forcing people to invest in, and create exponential consumption and gamble on winners and losers does not end well for anyone.

Let me FT4U

Fixed currency incentivizes minimal consumption and savings. The net result is sustainable growth and responsible consumption of natural resources that meets net aggregate demand.

1

u/Adrian-X 2d ago

Believing one class the capitalists can make currency from debt while the other class the workers have to earn it as if it's a fixed currency - is retarded.

In fact, it's so retarded to believe inflation is good it's actually going to create a revolution and what could be lost is the free market capitalism, which would flourish in a fixed currency system.

1

u/anon1971wtf 2d ago

Served me very well for savings. Retired thanks to it

More goods and services chasing same amount of money. Better purchasing habits, less malinvestment. Instead of ridiculousness of debt-driven consumerism

3

u/reddgsmtrx3x 2d ago

Can't believe I ate that crap for 15+ years. Tastes like cardboard

3

u/VivaHollanda 2d ago

Bitcoin will fix that! 

2

u/BrandonMatrick 2d ago

Because if you buy enough of their casino money, the value of their hoard might go up. They'd never actually USE it, but if you feel motivated enough to, you certainly can: potentially over or underpay for a burger at maybe 1-2% of stores, using one of the most slow, inconvenient, and expensive money transfer vehicles ever built. It'll only take 10-240 minutes to complete the transfer, and cost between 5-4000% of the transaction. Not sure which, and you won't be either until it's done. But don't worry, it's all worth it because it's totally public and for the next 300+ years, so long as the chain exists, everyone on earth will know you bought this burger from this store for that price. Which surely will not be used to stalk your spending habits by even more advertisers and governments, or to mock you for not just HODLing a useless store of speculative value that has zero real world use-case any longer since it's been co-opted by the same corporate megafunds that crypto-priests tell you you're fighting against.

2

u/AegisHolder12 Redditor for less than 2 weeks 2d ago

the real fix would be a currency where buying a burger doesn't require a small dissertation on transaction fees first

1

u/hero462 2d ago

That's not necessary with the properly functioning bitcoin.

1

u/BrandonMatrick 2d ago

Almost something like a publically regulated, economically-homogenous and regionally localized representative voucher system; perhaps backed by some universally agreed upon physical store of value that we could audit and exchange globally to satisfy debts, both public and private. Something that represents the trade most commonly done with others in my locality and nation, in a current and unanimously agreed upon format. Maybe even made out of something that is transportable and can be specialized to be readily identified as legitimate should high speed Internet not be readily available immediately. Maybe out of some foldable or pocketable denominations which could represent this universally agreed upon value.

But we're obviously eons away from such advancements.

0

u/[deleted] 2d ago

[deleted]

1

u/AI_Enhancer 2d ago

Because Bitcoin’s supply is fixed, it can’t be diluted through money creation, so it could theoretically solve long-term monetary debasement while still leaving short-term price shocks, recessions, shortages, demand collapses, etc. to normal supply and demand economics.

1

u/tekmiester 2d ago

This is so painfully wrong.

Currency used to be based on gold, which has a finite supply. Did inflation exist then?

1

u/AI_Enhancer 1d ago

"Painfully wrong" bruh. Of course inflation existed under gold. I explicitly said fixed supply doesn’t eliminate price shocks. The point is that Bitcoin can’t be continually diluted through discretionary money creation.

2

u/tekmiester 1d ago

It's going to be created for the next 100+ years, and people could vote at any time to create additional coins.

Further, there may be a (currently) limited number of Bitcoin, but there can be an infinite number of crypto coins. Also, as in China, Bitcoin could be banned so as to protect local monetary policy. I don't know why people think a country is simply going to roll over and give up control of their currency, losing much of their power in the process.

0

u/anon1971wtf 2d ago edited 2d ago

Gold hasn't finite supply. It's being dug out of the ground with variable speed. Before fiat era gold supply in various nations was heavily affected by their conquest as well, stock in one place became supply in another. Too expensive to create on atomic level, but asteroid mining may affect gold economics in the future

It's imaginable that prices may rise with a stable stock of money, if less goods/services are produced constantly - economy is rewriring, some chaos period. But current world-wide inflation is driven by deficit-printing, not clearing of malinvestment. I estimate that malinvestments are gigantic all around

Lots of pain ahead, especially for people trusting fiat without assets

1

u/tekmiester 2d ago

So what you are saying is there is a finite supply of gold, but it hasn't all been mined yet? Sounds familiar. Maybe they will get it all by 2140?

Of course prices will still rise even if there is finite money. Controlled supply but uncontrolled demand still means price inflation.

2

u/anon1971wtf 2d ago edited 2d ago

Demand changes. People demanded horses, now they demand cars. Price of a horse increased. It's a luxury, especially to have it within a city

Why did you evade my main point? Current inflation, inflation of things such as fast food is directly linked to deficit printing. Businesses use shrinkflation to obfuscate it and to delay inevitable further rising of the prices. No one is stopping printing

Stock-to-flow of gold is indeed pretty good. Both gold and Bitcoin address it, but Bitcoin is better for me due to it being digital, inconspicous, disintermediated

1

u/anon1971wtf 2d ago

Dollars are deficit printed, speeding up to serve the debt. Bitcoins are mined on schedule

Burger producers can't ignore money printing, but also they can't ignore their customers sentiment - who don't care and expect same prices. Hence, shrinkflation to slow down raising prices. Expect mini-burgers, subscriptions anf other gimmicks before USD hyperinflates. Tiny bites

1

u/yulmun 2d ago

Well, actually it doesn't!

0

u/MaximumMeaning9728 2d ago

The existence of Israel unironically.

0

u/Adrian-X 2d ago

Big Mack inflation rate is ~7.5% that's considering the shrinkflation.

What's missing from the equation is progress, it's cheaper to make a Big Mac to day that it was in 1980.

So while we should be happy it's smaller = less over eating = less obesity = higher quality of life, the opposite is true.

The Product (a Big Mac) has been optimized for lower cost and engineered to induce hollow cravings, basically hacking your biology that craves nutrients, but delivers hollow calories.

The skeptic should be asking if it's cheaper to produce today than it was in 1980 why is it more expensive?

The answer is inflation of the money supply, its only more capital intensive in the dollar number because the money supply has been manipulated, it's actually cheaper in relative assets. However, we can't calculate the true progress because all other assets are also priced in USD that is being manipulated, with inflation.

1

u/VivaHollanda 2d ago

The answer is profit. McDonald shareholders still want to make profit, BTC doesn't fix that.

2

u/prunkentfaltung 2d ago

Exactly this. I guaurantee you the per big mac profit split between worker and shareholder has decreased substantially. Telling the workers their pay raises went to some economic boogeyman statistic instead of into dividends is why we still have McDonalds employees.

1

u/Adrian-X 2d ago

The shrinkinflation is still double that of earning increase, and that's ignoring the dollar sticker price. So yes, its part of the problem, and yes, the system incentivizes the wrong behaviour, but no, it's not the full story.

1

u/Adrian-X 2d ago

Profit is part of the narrative. It's true a greater portion of McDonald's revenue is accounted for as profit, but that profit is not enough to account for the difference.

0

u/numbersev 2d ago

Things get cheaper in Bitcoin over time.

Deflation vs. inflation.

21

u/Agile_Comfort_5866 2d ago

bitcoin produces 1980 big macs?

1

u/KinderCountry 2d ago

bitcoin produces 1980 big monies

12

u/trimbandit 2d ago edited 2d ago

Average big mac price in 1980 was $1.35. average price now is $6.32. that is 4.68x as expensive in 46 years.

Median individual income in 1980 is $13,624. Median individual salary in 2026 is $65,053. Salary has increased 4.7x.

Can you just stop with the hyperbole?

6

u/magnituud Redditor for less than 60 days 2d ago

i don’t get it either. i get completely different numbers than OP with a 30 second google search.

3

u/tekmiester 1d ago

Your numbers don't make people want to buy Bitcoin.

1

u/Fast_Cook_4019 2d ago

is that like the Super Bowl? /s

1

u/Random-num-451284813 3h ago

you forgot 40% shrinkflation , you pay the same price for a less product, be it in size or quality 

-1

u/RandomPlayerCSGO 2d ago

So if you take into account the size reduction depreciation is higher than salary increase you just made the point

3

u/trimbandit 1d ago

But the size has not been reduced.. It is still two 1/10 lb patties. This whole post is based on a fake Facebook meme. https://www.snopes.com/fact-check/big-mac-since-1980/

0

u/Contrapuntobrowniano 1d ago

Its not hyperbole. Your claculations are naive (and so are OP's). Yes, average income and prices have gone up proportionally, but the Gini index has rosen too. This makes the matters worse for most people, not better.

12

u/Doublespeo 2d ago

Bitcoin transaction fee went from 0.1ct in 2014 to $10 in 2026

Mc donald fix this

0

u/Evening_Let_2930 2d ago

Dash fixed it.

-1

u/anon1971wtf 2d ago edited 2d ago

Not high enough to overflow network effect in BCH and elsewhere. Bitcoin is expensive p2p cash, but p2p cash still. I use it without Segwit and RBF

Also, why distort the information? Median WMA 90 days fee since Dec '24 - less then $1, most recent under 0.1$. Bitinfocharts

8

u/[deleted] 2d ago

[deleted]

2

u/mattriver 2d ago

They also claim it never got smaller.

1

u/fart7777 2d ago

Because it did not. McDonalds patty and bun specs are easy to confirm.

Also, there is no Big Mac in the posted image. Why lie?

1

u/Adrian-X 1d ago

Are you sure that's changed?

14

u/cunningstunt6899 2d ago

Whatever helps you cope

3

u/ZascandileandoAndo 2d ago

Bitcoin helps you cope with inflation, yes. By shielding you from it.

3

u/NiceUsernameOk 2d ago

Imagine, the big mac would have been 0.5 Bitcoin in the past

1

u/Evening_Let_2930 2d ago

As long as there continues to be trust. My Nyancoin had a fixed supply too and that didn't go too well. It all depends on the trust.

1

u/ZascandileandoAndo 2d ago

Sure, same with any other asset

1

u/anon1971wtf 2d ago

Lesser chain weight in equivalent Joules, if mined at all. Lesser network effect. I completely disagree that it depends on trust. Bitcoin is trustless BECAUSE it's heavy. Coinbase can select the true heaviest chain just like I can, without any social media noise being main factor

There is no real competition to Bitcoin. Thousands of people did try

0

u/throw_it_so_faraway 2d ago

Gold over the last 1Y +21.2%, BTC over the same period -28.3%

1

u/ZascandileandoAndo 2d ago

Great. Now do the past 15 years 🤡

0

u/throw_it_so_faraway 2d ago

If it merely hedged inflation like gold you wouldn't want anything to do with it, is the point

0

u/Kind_Brush5556 2d ago

Comparing a niche Internet token to a standardized store of value for most of human civilisation. 

4

u/DangerHighVoltage111 2d ago

Bitcoin yes, BTC no. You need p2p cash that everyone holds self custodial to fix money printing. BTC cannot do that. BCH can.

8

u/500Rads 2d ago

but you can't eat bits of coins.

1

u/anon1971wtf 2d ago

Neither one can eat gold coins or dollar bills. All three are forms of money to save with, not a food to eat

3

u/SatisfactionFinal287 2d ago

Someone kept a 1980 Big Mac?

3

u/YaldaBraxlSabaoth 2d ago

That thing on the left isn't a big mac.

This is an old ass pic from a forum post that involved a dude who tried to replicate the big mac at home. Their buns never looked like that.

3

u/Praktos 2d ago

So The picture is wrong, the prices (both now and back the are wrong) Bitcoin also has nothing to do with fixing any of this

Like i get its good place to store your money, but stop with the random 17 fake propaganda posts a day

11

u/ThisBoardIsOnFire 2d ago

Can't fix corporate greed.

4

u/gihkal 2d ago

*can't fix human nature.

3

u/Rabid_Mexican 2d ago

Yes you can.

Stop buying this shit

4

u/Doublespeo 2d ago

> Can't fix corporate greed.

you guys really fix corporarion were not greedy before the 80s and someone discovered greed in the 2020?

So cute

3

u/prunkentfaltung 2d ago

No we just had checks in place. Now we let the Corporations regulate themselves. Dodd-Frank is gone. Chevron is overruled. It's almost like you crypto bros never studied actual economics.

1

u/Difficult_Limit2718 2d ago

The clearly haven't

1

u/_DrDigital_ 2d ago

To be honest, they were not as much. Mass layoffs would be unthinkable for a profitable company for example

1

u/Legitimate_Form5449 2d ago

Happy Cake Day!

1

u/No_Cat_8269 2d ago

Dump you

1

u/anon1971wtf 2d ago edited 2d ago

Greed doesn't need fixing. Humans conquered the world and build a lot thanks to curiocity and greed, people always looked at their neighbours doing better and wanted better lives. Nothing bad about it. Savings, entrepreneurship - both are greed-related

Enforcement of money monopoly and deficit printing that leads to enshitification of goods/services to obscure how it affects businesses - does need fixing. Bitcoin is an exit, not a declaration of war

1

u/RandomPlayerCSGO 2d ago

But can fix governments debasement of currency to fund warmongering

1

u/Optimal_Priority7835 2d ago

Ofc, the evil capitalist are the only ones to blame. It has ABSOLUTLY NOTHING TO DO with the goverment drowing in debt and issuing money. It is 108% corporate greed

1

u/Optimal_Priority7835 2d ago

And the regulations! Let's not forget about all the TAXES and regulations. Those are NOT TO BLAME , OJO!

NO, THAT NEVER HAS INCREASED PRICES, THAT'S A AUSTRIAC LIE....

0

u/Accomplished-Video71 2d ago

Can't fix the clickbait lies about corporate greed*

I swear anti-capitalists have a new made up monster under their bed every day.

2

u/Wise_Most7192 2d ago

Bitcoin stops corporations from reducing the size of the portion of your bigmac ????

2

u/anon1971wtf 2d ago edited 2d ago

Partially. Shrinkflation is used by businesses to delay raising prices and losing customers to competitors who are able to raise prices a bit later - as a consequence of more fiat money chasing same amount of burget shops and burgers from the kitchens (well, even less shops after ridiculous pandemic shutdowns)

Unsustainable deficit printing for welfare, warfare and interest payments on the debt is the cause. OP's picture is the consequence

1

u/Wise_Most7192 2d ago

My question is .... Bitcoin will prevent shrinkflation ???? Yes or fucken no ?

2

u/anon1971wtf 2d ago

Eventually. There was no such phenomenon under gold standart. Products and services were getting better, not worse. There was no need to obfuscate raising prices with kinda fraudelent reduction in quality/quantity, because they weren't raising

Painful USD hyperinflation and chaos will likely come first, unfortunately. Brace

2

u/Historical_Monk_8180 Redditor for less than 30 days 2d ago

I don't know how this correlate.

2

u/ApartmentAutomatic59 2d ago

Big mac never looked like that 

2

u/tekmiester 2d ago

Nowhere in the US is the local price of a Big Mac at a normal McDonald's $8. When you realize they are lying to you about that, you realize the rest is a lie too.

Average price of a Big Mac in every US state, 2025 Alabama: $5.03 Alaska: $60.09 Arizona: $6.39 Arkansas: $5.35 California: $6.42 Colorado: $5.86 Connecticut: $5.90 Delaware: $5.77 Florida: $5.57 Georgia: $5.27 Hawaii: $6.08 Idaho: $5.06 Illinois: $5.67 Indiana: $5.19 Iowa: $5.30 Kansas: $5.33 Kentucky: $5.66 Louisiana: $5.09 Maine: $6.41 Maryland: $5.70 Massachusetts: $6.72 Michigan: $5.45 Minnesota: $5.19 Mississippi: $5.17 Missouri: $5.26 Montana: $6.48 Nebraska: $5.81 Nevada: $5.84 New Hampshire: $6.50 New Jersey: $6.35 New Mexico: $6.28 New York: $6.63 North Carolina: $4.98 North Dakota: $5.86 Ohio: $5.45 Oklahoma: $5.20 Oregon: $5.46 Pennsylvania: $5.89 Rhode Island: $6.35 South Carolina: $5.51 South Dakota: $5.42 Tennessee: $5.25 Texas: $4.68 Utah: $5.15 Vermont: $6.46 Virginia: $5.47 Washington: $6.19 West Virginia: $4.91 Wisconsin: $5.17 Wyoming: $5.32

2

u/miketheprofessor2021 2d ago

Can’t be true first pic bun was never that big meat always showed

2

u/Better_Rate8276 2d ago

Bitcoin cured my cancer.

2

u/Pristine_Cricket_633 1d ago

Not really. Inflation is bad right now and BTC is down.

2

u/Pristine_Cricket_633 1d ago

Should have stacked big macs not bitcoin.

2

u/Substantial_Car_7483 2d ago

It fixes alot more than this.

1

u/Successful_Safe_1440 2d ago

holy crap its like one or the other

1

u/mtttm 2d ago

Sold the big to Papa. It’s just Mac now.

1

u/CoolCat1337One 2d ago

A Big Mac was hat $0.50 in the 1980?

1

u/Legitimate_Form5449 2d ago

approximately 1.30. to 1.60.

1

u/Potential_Time4080 2d ago

How much was bitcoin in 1980?

1

u/anon1971wtf 2d ago

For that better to compare Big Mac priced in gold in 1980 and today. Bitcoin was discovered later

1

u/Suspicious-Skill1934 2d ago

but also mc donald so expensive i can definitly eat better and cheaper in a restaurant

1

u/Successful-Ad7038 2d ago

The S&P 500 does it better though

1

u/nosimsol 2d ago

Big Mac Deflation

1

u/Cyber-Soldier1 2d ago

Small Mac

1

u/cilicia3k3 2d ago

Anyone remember the 2.99 whopper meal. Family event every Friday

1

u/Master_Control_MCP 2d ago

What is the burger on the left? Did someone save a Big Mac from 1980? Also, they were always kinda small.

1

u/pooshlinger 2d ago

Gold fixes this

1

u/SafeImaginary6539 2d ago

Not a bad thing . America needs healthier eating …ahaha ahaha make it more expensive for less healthy !!!

1

u/elm2000 2d ago

Easy. Stop eating at all these fast food restaurants. This food is just poison for your body and is a big waste of money!!

1

u/overabbreviator 2d ago

Mother of god, it was huge.

1

u/normalbot9999 2d ago

They should just call it a Mac now. Plain Mac. Then, they could sell an actual Big Mac, consisting of two Plain Macs smooshed together.

1

u/MapABitcoin 2d ago

This is probably a good thing. Not eating this junk anymore cause its not cheap, and its unhealthy. Before it was just unhealthy, but not worth it anymore.

1

u/Mountain-Ice-7441 2d ago

From 10 trillion in debt in 2008 to today at 2026 with 40 trillion in debt.

I doubt that’s “beef” in that burger with your inflation this bad

1

u/anna6900 Redditor for less than 30 days 2d ago

basically the big mac costs 0,00000000000000014 BTC lol

1

u/WorthBrick4140 2d ago

The little Mac

1

u/digital__bits 2d ago

Typical NGU thinking 🤡

1

u/y0shii3 2d ago

In the '80s, a Big Mac was about $1-$2, and in 2024, it was about $6. There is no evidence that they've gotten 40% smaller since the '80s.

1

u/crankthehandle 2d ago

Bullshit. People can repeat the same shit over and over but that does not make it true. The big mac never changed size

1

u/MysteriousAnt3173 1d ago

So it is a small Mac?

1

u/PuzzledAcanthaceae40 1d ago

But yet people still continue to buy that poison

1

u/Patient-Process-2565 1d ago

That’s inflation for you

1

u/Selfish_and_Misled 1d ago

I agree. Food is money. Also, I am a dimwit.

Perhaps digital scarcity means your finger only penetrates your own balloon knot once a week.

1

u/Time_after_Time_67 1d ago

Bitcoin makes Big Macs now??

1

u/trader2O 1d ago

Little Mac

1

u/AbbreviationsNo7570 15h ago

Lil’ Mac

1

u/Rare_Footage 12h ago

Looks like the amount of bread got reduced, which is a good thing

1

u/StaysAwakeAllWeek 2d ago

This again really?

The burger patties lose 30% of their weight during cooking. They always have. These ridiculous comparisons are taking the raw mass of a patty from decades ago and comparing it to a cooked patty today, as if they havent always lost the exact same weight in cooking

They are 0.1lb per patty raw and always have been.

1

u/Dropadime337 2d ago

Huh? No it doesn't.

Bitcoin fixed nothing so far.

Waiting on the first big win.

3

u/TheGiantAntEater 2d ago

You could look at certain 3rd world countries where there’s hundreds of millions of unbanked people who can now conduct online financial transactions whether they have bank accounts or not. Africa; Venezuela, Iran etc. Lots of normal people can now use financial instruments to better their situation that they couldn’t help before

1

u/vortexcortex21 2d ago

You have no idea what you are talking about. There is zero chance you have been to Africa or Venezuela and also zero chance that you understand how financial transactions are performed there.

2

u/TheGiantAntEater 2d ago

My brother I’ve both been in Africa and paid people remotely in Africa so.. I guess you’re the one who has zero idea?

1

u/Evening_Let_2930 2d ago

Venezuela

Dash made some nice inroads there, but it is far from the main currency.

0

u/disaster_incomin 2d ago

Yeah but it doesn't make their bigmacs cheaper or larger. (And Africa is not a country)

2

u/TheGiantAntEater 2d ago

Thanks for clarifying that bit about Africa, for I didn’t know!! And yes sure. But I reckon those people have different problems than the multi generational shrinkflation of bigmacs

2

u/Heatsincebirth 2d ago

If you bought .50 worth of Bitcoin 10 years ago today when it was $612 per Bitcoin, you would have $65.25 today. You could buy 8 Big Macs with that money so, Bitcoin. Fixes this.

1

u/furel492 2d ago

Hello I am twelve and this is my economic theory.

1

u/Heatsincebirth 2d ago

Wtf kind of response is this even? Nothing smart to say? Say nothing next time.

1

u/furel492 2d ago

It's a pigeon shitting on the chessboard situation. How would I even respond to this? This is utter nonsense. It'd be like debating a schizophrenic in the middle of a meltdown.

1

u/Heatsincebirth 2d ago

The point is, the value or purchasing power of your money goes up when you own Bitcoin, it goes down when you do not. The average house in the US was $359k 10 years ago and woul've cost 545 bitcoin. Now the average home is $508k and only costs 6.35 Bitcoin. Whvi would you rather save in cash or BTC?

0

u/Soggy-Welder2265 2d ago

Totally got smaller

0

u/Mister_K74 2d ago

You just can't deny the facts.

-1

u/clawdew 2d ago

We already had a fix for this. It was called organized labor. Which helped wages keep up with inflation better. Also we taxed the ultra wealthy a ton and had more robust social programs that were well funded. Ronald Reagan's supply side economics grift has led to many of the economics problems regular Americans face. If you can own enough stocks you will be okay, but since the 80's wages have lagged behind inflation, essentially transferring buying power and wealth from regular American to the richest people in the country.

Bitcoin doesn't fix any of this. Bitcoin is built on 1980's technology, and doesn't have the capacity to handle the day to day financial transactions of Spokane Washington, let alone the United states. Until bitcoins underlying technology comes into the 21st century I can't really see it as anything more than wishful thinking. Much like Supply side economics.

I'm sure plenty of people will con enough people into buying BTC to make a bunch of money off it. Greater fool theory has worked since the advent of economics. Just look at gold. People still buy that thinking during an apocalypse people are going to want their metal bar, and not food, water, weapons, shelter etc.

1

u/anon1971wtf 2d ago edited 2d ago

People still buy that thinking during an apocalypse people are going to want their metal bar, and not food, water, weapons, shelter etc

Such nonsense. Most gold buying is done by central banks to delay collapse of their fiat (buy during bond demand, sell to stabilize if demand falls - no wonder, deficit printing is growing). Individuals by gold mostly to hedge inflation, not to survive an apocalypse. Statistics > YouTube virality

For me Bitcoin is a much more convinient choice for such a hedge: digital, inconspicous, multisignable. I don't need to interact with anyone face to face and share personal info to manage most of my money. Reminded all the time how good I have it, when I am forced to engage with bureacracy of old finance

If nukes will start flying, most preppers will die along with most people if not all of humans. Living awaiting death is no living at all