INFLATION best friend of who?

in #inflation7 years ago (edited)

I see same questions over and over on reddit, and typing answer every time is boring as hell, so I decided to slowly start building up not only crypto currency, but also general computer/internet/money use guide.
In the end these are just my thoughts and critical feedback is welcome.

INFLATION

  • every currency in the world is getting less valuable over time, examples: 100 trillion Zimbabwean dollar bills, Belarusia exchanging their currency 10 000:1 every couple years
  • coins that cost more to produce than their nominal worth
  • all the trees chopped down so they could be turned into worthless toilet paper, we like to call money
  • same amount of work getting you less food on the table, because product price goes up faster than your salary

OTHER IDEAS: https://steemit.com/guide/@ragetester/paper-money-will-die-a-k-a-ultimate-user-guide-page-1

paperdisc.jpeg

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