Delayed gratification is the opposite of greed. Btc maxi's are savers not spenders and operate on long-term horizons. Moonboi's are in any asset class that appeals to retail, not just crypto.
An economic model that needs the resources of 17 earths. We are in what many are calling the anthropocene, old theories may no longer be relevant nor applicable.
Common sense tells me that with a 2% inflation rate people invest instead of mattress. Outdated? I just quoted a website about investments. Anyhow, I don't care about the topic that much... Economy is not a real science.
Investopedia? You are a clown and conveniently ignored my comment on the 3rd largest economy that experienced DEflation over the part 20 years and still innovates and is productive. People do put their money literally into zero percent bearing bank accounts and under their tatami mats and do well for themselves which completely contradicts your claim. Even now Japan hardly grapples with consumer price inflation, at least by far not to the degree of the West. I would choose the Japanese economic model any day over the American or Canadian one. It has a society of much more equality, contentment, peace, and prosperity than the American or Canadian one. Has nothing to do with inflation but inflation is linked to pure unfettered greed that feeds into supply and demand.
Son, you can disagree with me, but don't disagree with policy makers. Last word: "The head of Japan’s central bank is a very patient individual. When Haruhiko Kuroda became governor of the Bank of Japan (BOJ) nine years ago, he pledged that he would rid the world’s third-largest economy of the deflationary pressures that had helped keep growth slow ever since 1990. His goal was to pump in enough money to create a 2 percent inflation rate that would raise wages and spending power." https://foreignpolicy.com/2022/04/25/inflation-japan-deflation-economy/
There are millions of stocks and you pick one that would proof your point??? Ever heard about statistical representative proof? Stocks holders own part of a company. 99% of these companies have a positive value. Owners of crypto's have in best case ownership of some free air. I am sure that the number of people, and the amount of money lost in crypto's is an enormous multiple of the Enron debacle. There are days that crypto's losses exceed in 24 hours the entire Enron debacle. And this over and over again.
This is true, for a debt based system that is always designed to turn the general population into slaves. Of course you always need to be increasing the money supply if you intend to keep people in debt forever. But as we see, the closer you get to the end game, the more dollars you need to print just to keep the gears turning. Once people stopped being able to work enough to supply their own dollars, governments needed to step in and start giving those dollars away, just to keep the system working. The whole thing is collapsing right before our eyes. The elite of course love to keep 99% of the population in the debt cycle since the wealth always flows up to them, but once it implodes, which is what is happening now, a new system will have to take its place, and hopefully this will be based on hard money and hopefully the transition isn't too long and too bloody.
And yet it did not succeed, exactly according to my earlier point that politicians and even central banks do not ultimately control inflation. Deflation has not damaged the Japanese economy as can clearly be seen. If anything it has kept consumers afloat.
Shouldn't you be preserving your freedom by wasting less time here and running more Bitcoin nodes? They're like peanuts, I hear. You can't just stop at one.