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Showerthoughts to inflation

Bitcoin Reddit

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The original idea for fiat money was a coupon for how much value you‘ve added to society. The average person puts an average amount of lifetime into their work without overshooting the amount of value adding to society and so gets an average mount of money for doing so.

When inflation happens, it makes the until now spent amount of time wort less than before. If you “do inflation“ long enough, its basically like devaluing of a bunch of life-time-worth of effort. Basically like killing a human but without actively killing the person. Just erasing their time from them and taking it to you, the one who inflates the monetary system.

submitted by /u/DasDouble
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