BTC is the right hand. It is failing as a currency. Goods …

Twetch ·

BTC is the right hand. It is failing as a currency.

Goods and services the left hand. The dollar is doing poorly as money because it is screwing up price signals.

https://twetch.app/t/a408d45e72ea2c4f882dd63ce86796a6cbdaffb62e140c7d74be2714bbdbbb8a

Replies

Twetch ·

People will spend a stable or inflationary currency. They will borrow an inflating currency if available. They will hoard a deflating currency.

Govt fiat is popular because you can spend it, borrow in it, and thanks to financial sys, save with it.