Originally Posted by Milwroad
...or flee to an alternative speculative asset. I am sort of amazed that so many think bitcoin is this miracle investment. It is a highly risky asset that has to offer high returns as a risk premium. Only two things are keeping it afloat. Unbridled speculation in this asset and the fact certain parties use it as a medium of exchange. I think it is more the former than the latter.


Try listening to the Greg Foss interview above, and start at about 47 min mark.

@jameslavish

If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.

This is inflation