Bitcoin vs. Fiat: Round 1: FIGHT! --- Inflation is coming for you. What will you do?steemCreated with Sketch.

in #politics7 years ago (edited)

inflation-don-freeman

Image open source from @thedonfreeman

"Inflation is coming for you, it will steal anything you save, just ask your grandparents. Slowly but surely, your wealth is being stolen because a private company that answers to no one is printing paper money that's backed up by nothing. Every time that printing press runs your wealth deteriorates, and as long as you're distracted by celebrities and minimum wage arguments the hole gets bigger. Politicians won't save you, we have to save ourselves. We need to create a new system that makes the old obsolete. We need to educate ourselves, because this system only breeds obedient slaves that perpetuate the agendas of corporations. We cannot allow this to continue. It's time to make a stand before we have nothing left to fight for." -@thedonfreeman

The Dollar Inflation over Time Graph: (losing over 90% of it's value in 100 years)

fiat-inflation
Image source: static.safehaven.com

So what's the solution?

It would seem a solution already exists to put an end to centrally controlled inflating fiat currency. Some of the world's smartest people have been coming together quietly creating the cryptosphere, or in other words an entire new way of paying for goods without middlemen, government, delays, and fees. Some of these cryptocurrencies are better than others, in speed, privacy, scalability, security, etc. So before throwing all your fiat into the crypto world make sure to back a good, active project with a strong development team. Steemit, obviously is one amazing project worth investing into. Unlike fiat currency, as long as the project is strong you will get an inverse graph to the traditional money. The price of bitcoin and other cryptocurrencies tends to always go up over time because less and less are created into the future unlike fiat which gets printed in unlimited quantities devaluing the fiat currency. The other great aspect of cryptocurrencies is the fact that they are decentralized and out of the control of government and unable to be shut down(in most cases). Below is a graph displaying the inverse nature of bitcoin to fiat.

Bitcoin 5 Year Price Chart: (HODL!)

bitcoin-5-year-price-chart

Image source: 99bitcoins.com/price-chart-history

Summary:

You can make and hoard loads of fiat money but over time it will lose a lot of it's value, you're subject to taxes, fees, low interest, and the threat of banks or government taking your assests. Or, you can buy into reputable projects in the crypto ecosystem (over 700 coins) and watch your money go up over time, quite a bit in most cases, just hold long, ignore the dips. Think years not weeks or months with these investments. You can thank me later. It's win win really. You get to help revolutionary projects and make money. How can you argue that? Times are changing folks, adapt or suffer.

Punch that upvote button in the face if you think more people should see this post.

Follow for more --> @thedonfreeman

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I'm right at the point of investing some of my USD into Steem..

Awesome post! I really appreciate you sharing this info.
This is so true and so few are actually awake to understand this.
Thanks

We are verge of a revolution. Great time to be alive and not ignorant, for the most part :)

Yes Bitcoin is the number 1 rank

This post has received a 1.39 % upvote from @booster thanks to: @thedonfreeman.

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