By definition, it is what it is. I truly believe people need to start accepting economic principles when they are trying to create a new asset and achieve mass adoption. Math is Math.
Why should it not be theirs too as citizens of the world?
I think it is on the community of users to work with CB's instead of fight especially with little to no knowledge of these basic concepts.
Purchasing power of fiat is down because the fractional reserve system was chosen over the gold standard which created hyper inflation. There is a lot of history to study and as mentioned, patience pays.
As an experienced trader and investor, I prefer to view crypto as a commodity rather than a currency because of the volatility.
Thanks for your comment.
As citizens of the world, they can use any crypto they want, but they shouldn't have the power to tax something that isn't a government created or regulated thing.
I have no interest in working with CB's and I understand how fiat currency is created... that's why I use crypto.
None of what is mentioned has anything to do with taxation, so i doubt you even read the article. Second, Central Banks don't determine tax, regulators dont determine tax, congressional and senate committees do.
Pretty rude response.
I had no idea that I was only allowed to comment on the few points you posted about in the huge spectrum of currency and its relation to Bitcoin.
Central Banks create a huge tax through inflation.
Good luck with your blog.
How when we have global stagflation?
Commodity vs. currency is a pretty simple concept. Opinion is fine, informed is better.
Thanks for the well wishes.