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ballofrubber | 5 years ago

That's great for you, honestly!

Rich get richer today by being closer to the money source. In the "bitcoin standard" non-rich people can even keep their money in the bank and don't lose purchasing power by not risking it.

Rich and non-rich will always want to take risk to increase their net worth, however the assets must perform much better to outperform the money. Unlike today where almost all investments appreciate when measured in fiat.

edit:

> That's a political issue, it has nothing to do with how currencies work

Would you agree that it would be a good thing if the base monetary layer would enable that? I only see that happening with a monetary policy that respects savings and is not alterable by a few elected and unelected officials

discuss

order

africanboy|5 years ago

> can even keep their money in the bank and don't lose purchasing power by not risking it.

assuming they don't need the money to live and realise that 5 years ago they spent a today fortune on a liter of milk...