Despite other comments, I'm concerned there isnt
enough anti-crypto here.
Let's be clear: this is what a graph of the values of currencies looks like: https://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y . Micro-value adjustments up-and-down, and if you comapred to the price of bread, midly inflationary.
This is what all (necessarily deflationary) crypto "currencies" look like:
https://www.xe.com/currencycharts/?from=XBT&to=USD&view=10Y . Extreme swings, compared to the price of bread, massively deflationary.
That is also the graph of the value of tulips during https://en.wikipedia.org/wiki/Tulip_mania .
Regardless of whether you think (this obvious scam designed to enrich a handful of early stakers) is a scam or not: it cannot be a currency.
A currency cannot be this massively and necessarily deflationary, as it is never rational to spend it. If your currency is guaranteed to increase in value, it is always better to hold it. Thus rendering the only alleged use of crypto economically incoherent.
At this point, tulips in hand, you should start to wonder why you're being sold on the idea of a tulip-based economy. Clue: https://en.wikipedia.org/wiki/Greater_fool_theory .
Let's be clear: this is what a graph of the values of currencies looks like: https://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y . Micro-value adjustments up-and-down, and if you comapred to the price of bread, midly inflationary.
This is what all (necessarily deflationary) crypto "currencies" look like: https://www.xe.com/currencycharts/?from=XBT&to=USD&view=10Y . Extreme swings, compared to the price of bread, massively deflationary.
That is also the graph of the value of tulips during https://en.wikipedia.org/wiki/Tulip_mania .
Regardless of whether you think (this obvious scam designed to enrich a handful of early stakers) is a scam or not: it cannot be a currency.
A currency cannot be this massively and necessarily deflationary, as it is never rational to spend it. If your currency is guaranteed to increase in value, it is always better to hold it. Thus rendering the only alleged use of crypto economically incoherent.
At this point, tulips in hand, you should start to wonder why you're being sold on the idea of a tulip-based economy. Clue: https://en.wikipedia.org/wiki/Greater_fool_theory .