Quote from: Lida93 on Today at 02:05:52 PM

Quote from: khiholangkang on Today at 01:40:07 PM

Quote from: Lida93 on August 09, 2023, 03:28:50 PM

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we can draw a conclusion that given a critical attention we will agree that nearly all the people that have adopted bitcoin, using it as alternative of fiat money are people who have an understanding of monetary system wholly and how bedeviling it (fiat) has been to citizens financial freedom and privacy due to intricacies of government regulatory policies surrounding it.

I don't agree that people who use bitcoin are those who understand the monetary system, among the many people I pay attention to and question them why they use bitcoin is because they find it easy and can make bitcoin a long-term investment asset, compared to Fiat which experiences every year the reduction in exchange rates as a result of inflation, the monetary system has a broad scope, not only fixated on prices and values, various types of work policies, flows and mechanisms of supply and demand also include payment systems and others.

Maybe there are some people who use bitcoin because they know how bad FIAT is, but there are still many who don't understand what the monetary system is, but they invest in bitcoin.

We're still saying same thing, for anyone to have adopted bitcoin to invest in it in place of fiat as an alternative then such persons must have gotten an understanding of how the fiat monetary system in terms of value rate is been affected by inflation and adopts BTC as way of cushioning the inflationary effect from fiat monetary system system. They don't need to have expertise knowledge in that field, understanding the benefits of bitcoin to fiat and grabbing the opportunity is just somehow enough.

well if your speculation leads there, this is not to be confused with what you want to convey, if indeed you direct it into this scope, but not necessarily all because of bitcoin, because basically everyone has to understand what inflation is and the value of a currency , until he realized what the world of finance was like, which made him care even more about the money he owned, whether he was storing it in bitcoins or other assets that had very strong resilience to maintain and add value to his money.

Because we are here, making bitcoin the main alternative to maintaining the value of the wealth we have.