Two options. Pick one.
1. Money printer comes online. Global liquidity expands. Your bags pump hard. Everyone else suffers.
2. Governments become fiscally responsible. Bags never pump. The world starts healing.
#asknostr
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Would love 2 but it will never happen. 1 is sadly inevitable.
But I suppose the bigger question is, would you be willing to sacrifice your own wealth for the greater good? Because I can only assume bitcoin would lose a tremendous amount of its value if governments became fiscally responsible.
Yes, but
They would have to be fiscally responsible in perpetuity. "Getting your act together" for a few months or years doesn't cut it. The fiscal discipline is in the bitcoin system, nothing to adjust, no negotiating.
Right. And the entire system would have to get on board. A few rogue politicians wouldn't cut it. In other words, it's never gonna happen 😆
That's not how number 2 would go.
Number 2 is what governments SHOULD do, but it's also the fastest way to have the bulk of citizens actually riot against them, because so many people rely on government subsidy to get by, which in turn needs money printer to go brrrrrr.
There would be absolute chaos and destruction before austerity ever resulted in healing, and that's only if they managed to hold the line through the ordeal.
That's a bloody good point actually.
Easily option 2. I don’t need bags to pump. I’m productive, I just need honest money where savings do not lose purchasing power. Bitcoin accomplishes that in both scenarios and fiat does less damage to the world in option 2.
Good on you! This is a great answer.
Unfortunately, I have an ill child that takes up almost all of my time, so my ability to make more money has been severely handicapped.
Sorry to hear that. Sick kids is one of the hardest parts of parenting. I pray you get any answers you need and your kid finds healing soon.
Thank you! Things have improved this year. There is hope his illness is transient.