Quote from: Hydrogen on March 23, 2018, 07:42:14 PM

Today, it seems everywhere you look there are negative things being said about bitcoin volatility.

To break up the monotony of borish media sources endlessly discussing btc volatility as if they have nothing better to do than beat dead horses 24/7/365, let's change the subject to a more neglected topic, that of: fiat volatility.

Behold exhibit A.

https://i.imgur.com/km3TFeR.jpg

Image link: https://i.imgur.com/km3TFeR.jpg

This chart would appear to contradict what many say about the US dollar representing a stable value. The buying power of the US dollar appears to be declining significantly over time.

Example of the purchasing power of the US dollar declining: a 2 liter bottle of soda used to cost $1.00 in the united states, not long ago. Today it costs $2.00. If the paradigm shift from $1 to $2 occurs over a 10 year period, we might say that inflation is occurring @ a rate of 10% per year or the dollar is losing 10% of its value per year in contrast to purchasing food items like 2 liter bottles of soda. This precedent of diminishing fiat buying power could apply over our global economy.

So it is possible the purchasing power of the US dollar and other fiat currencies are diminishing significantly over time.

What are everyones thoughts on this? Huh

Considering the dollar has lost 10% of its value in the last year you could definitely make a case. Aside from that, if you look at the dollar when it was taken off the gold standard in the 70's, the prices were just as volatile if not more than what we see in crypto today!

Lucas Riley

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