Sure, it has lost value compared to, wait for it, those things. Not rocket science.
But at the same time it could have gained value compared to another currency which can also be used, directly or indirectly, to purchase those things. Yawn.
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so currency A loses purchasing power over goods and services, but currency B loses purchasing power even faster, thus it looks like currency A is gaining value relative to currency B
and in your mind somehow this makes currency A gaining value overall, even though you can buy less land, beef, oil, or gold with it than a year ago.
you're the literal posterboy for fiat dude, please keep talking, its HILARIOUS.
One fiat's value compared to another's is irrelvant to this discussion. Stablecoins are pegged to the USD. The USD loses value daily. Plus, all fiat, no matter where, are losing value. Again, read some books. You are clueless on this topic