I just realised why cash isn't worth having

It hit me the other day that money (fiat) isn't worth having. For now you need it to spend on most things still but holding it is a liability. It's designed to lose its worth, so you have to spend it or buy assets. It's good for the masses to keep it in circulation.

Anyway - the point that dawned on me was this: It isn't that assets appreciate, it's more that they just don't lose value like cash. Take a range of asset classes like property, gold, etc. It looks like their value increases, but on average what you're seeing is just what the money you purchased them with would be worth if it weren't designed to deflate.

It's not assets increasing in worth - it's the dollars they cost falling in value. They're really just a hedge against inflation. Some better and worse than others.

Monetary policy erodes savings.

The average person can't get an interest rate to beat inflation, and when they do they are taxed on it - even where the real value of their money is less.

One of the wonderful things about bitcoin is that eventually everyone will be able to have savings that don't lose value. People won't have to hand money to a bank or investment fund where the financial industry take their cut.

Imagine millions of people whose savings can be relied upon, where if you do nothing after 2, 5 or 10 years no government or financial institution has robbed them of their value.

It's very exciting!