this post was submitted on 04 Dec 2023
1757 points (98.5% liked)
Microblog Memes
5837 readers
1767 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Since 1913 the US dollar has lost 96.8% of its value. So yes 99% in 100 years was incorrect
Hell, that's still heaps.
I know they’re not comparable but bitcoin has increased in value around 70 000%. There’s no centralised money printer so supply can’t be diluted and its other feature is its transparency. The funny part is how much value you can attribute to the transparency. It’s so easy for any system to have transparency but when it’s centralised it’s always a conscious decision by the designers to make it closed which will always attract suspicion and erode trust, as it should.
As long as there are bitcoin believers the trend will continue, it doesn’t matter if you personally think bitcoin is stupid or not. I personally think it’s ok but there’s probably better ways to preserve wealth transparently. The only question that matters is will everyone think bitcoin is stupid? As long as price goes up long term answer will be no. Keep in mind in 100 years from now the US dollars value will probably drop another 97% on top of what it’s worth now.