Quote from: dezoel on April 09, 2024, 04:48:33 PM

Quote from: Darker45 on April 01, 2024, 02:47:58 AM

In a sense, inflation is good because it forces people to spend. If people spend, commerce thrives, and the economy moves. There is no point keeping something when it rots over time. That's how fiat is. It's like a perishable food.

Second, inflation is good for those who borrow money. As money is losing value over time, what you borrow today is much more valuable than what you will pay in the future.

I'm not saying inflation is entirely good, though. And it seems that the tide is turning as far as appreciating inflation is concerned. There seems to be a paradigm shift and Bitcoin has probably played a vital role.

To keep something is not wrong but we must only use them before their expiration dates. Fiat is not a bad thing before because the inflation before is only small but it only grow and there something or someone that is responsible for that. I already heard the second thing that you said there. It must be one of the benefits of borrowing that some people fails to see and this makes them think borrowing money is a negative thing. Same goes with this inflation.

Hopefully you are right that people are now realizing it but it may not be really possible if without the help of Bitcoin and cryptos. This is one of the major eye-openers for the people to understand how money truly works.

Fiat money is a scam no matter how I look at it, when gold was used as a currency, at least you knew that gold held some value by itself, but then paper money backed by gold was introduced that required to trust a central bank, a trust they broke and now we have money that is not backed by anything, so just because some fiat is printed slowly compared to others, at least in my eyes this does not make it less than a scam, as one of the characteristics that money was supposed to have was to be a store of value, and it is obvious that fiat is an awful store of value, which is why we have to look for other assets we can buy with our fiat to perform this function.