Inflation is not a good thing, but deflation is even worse. It's like the difference between being overweight or starving to death. Currency is the lifeblood of the economy, and the economy is what keeps us all alive.
The whole point of market economies is to produce goods at increasingly better (deflated) prices. A people and their industriousness is the lifeblood of an economy. Just look around, currency isn't saving anyone in the USA. I don't know how you have lived for the last 50 years and seen what fiat has done, and deny this. The economy is killing us because the "currency" is so bad at this point, enabling the problems of usury to go unchecked, as elites are, and even rubbing our faces in it at this point in clown world.
Lack of speed/friction allows for increased security and fraud protection, which Bitcoin totally lacks.
huh, that makes no sense - no security for the BTC network?
This is also fairly meaningless.
Being able to audit what your government does, or what any other institution does, with money they claim is good or important, is meaningless? This is a good example of why we have a hard time communicating. You basically state that verification of money isn't useful. That's unfathomable to the honest statesman, and why the founders said gold and silver were money in the Constitution, by the way.
USD stablecoins serve this purpose much better than Bitcoin does, which is why there is huge demand for them. Look at the failed Bitcoin experiment in El Salvador to see how much demand for Bitcoin actually exists among normal people (almost none).
I'm not certain but pretty sure you're aware of the concepts of the mark and the "beast system" (getting ready for rollout). If not, just say so, that's fine. You don't see stablecoins, something programmable and which can be made out of thin air, to be literally what the desire is for the beast "currency"? While of course BTC (decentralized, not controlled) is the antithesis of that?
for one reason or another (there are many potential reasons) people are simply going to lose interest in Bitcoin and buy something else for store of value purposes.
I don't argue this because it's your feeling and your guess. We just disagree, as I don't see it is based on much but feelings (that's why you have to say "for one reason or another").
Fiat-based economies would wildly outcompete Bitcoin economies in terms of economic growth (if you assert otherwise, please explain why no current economy has a gold-based currency).
The opposite is true. You're just used to being part of government matrices, who of course benefit from fiat, that's why they introduced it. I'm pretty sure you know this, which is why I feel like you just make arguments that you don't even believe in, just to argue against BTC.
There is no widespread belief in Bitcoin, nor will there ever be.
A 2T asset is no widespread belief? No 2T asset has ever gone away, are you aware of that? Just asking.
“Deflation bad” is just Keynesian garbage fed to university students to justify money printing. Debtors get screwed when there’s deflation. Who is in the most debt, you ask? Governments and banks. Who then prints the debt into money in order to fund economists like Paul Krugman to gaslight you into thinking deflation is the end of the world? I wonder.
Do you deny his point? If you do, can you share a reason why the point isn't clear and obvious?
You can send your own money anywhere on earth and nothing stands in the way.
Is that not useful?
To include not siphoning 7% of your wealth per annum to pedo psychopaths in government and banking.
On this hang all the currencies and profits.
