I suppose from a central banker’s POV, the benefits of inflation are more widely spread as compared to the concentrated gains made by those early to Bitcoin.
e.g. if inflation is at 2% but my pay rise is at 5% then I’m ok. And for those who can’t secure pay rises above inflation then the government’s increased tax haul linked to inflation (fiscal drag, greater receipts from sales taxes) helps fund support from social welfare programmes.
@frphank what’s the best argument you have in favour of the current monetary system?
> what's the best argument you have in favour of the current monetary system?
prices more stable than any other system in existence, past or present
Btw no one has made any gains from Bitcoin. Those who had one 1 BTC years ago still have 1 BTC today.
If Bitcoin had a circular economy like fiat does you could gain from Bitcoin by lending it. But it doesn't so you don't.
All in good time….
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Ok I'll come back and talk to you 'in good time".
Unless you lend it to somebody. This is possible on major crypto-platforms/exchanges.
Oooh. Please provide pointers. I wasn't aware of BTC lending platforms.
https://www.kucoin.com/margin/v2/lend
for example...
Ooooh interesting. It says something about 0.5% APY on BTC.
Is that an offer from the platform? Who am I lending to? How do I assess the risk.
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