RE: Cryptocurrency: Creating A Better Economic System

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Crypto has its downsides. Let's be real using bitcoin for day to day purchases isn't practical. Crypto is complex and intimating to people that are not technical.

BUT it is what we need. I've lived through 3 "this is the worst since the Great Depression" events. Suddenly the US has more money cause the Federal Reserve says it exists. It is going to catch up to us eventually.



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The internet was complex and intimidating too. Look at how that worked out. Ease of use eventually gets built in since that is what the masses need.

Suddenly the US has more money cause the Federal Reserve says it exists. It is going to catch up to us eventually.

Not really. The Fed is printing to fend off a massive deflationary spiral that would come without it. Technology is crushing things across the board. This is putting the central bank in a tough position.

People talk about a 2% inflation rate. If they had to ensure a 25% deflation rate, they would realize how much they need the money printing.

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