The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
But deflation pushes people not to spend their money and crypto with a fixed supply is in fact deflationary since the accessible supply goes down as people lose access to their wallet for one reason or another.
Also, crypto value and crypto prices of items are based on the comparable fiat value so yes, getting in at the right time makes a huge difference.
In the end crypto bros just make it so there’s still rich people at the top, they’re just not necessarily the same ones.
No, it’s like any other currency minus it has a fixed supply. So use it, since inflation is eating away any currency with a limitless supply
But deflation pushes people not to spend their money and crypto with a fixed supply is in fact deflationary since the accessible supply goes down as people lose access to their wallet for one reason or another.
Also, crypto value and crypto prices of items are based on the comparable fiat value so yes, getting in at the right time makes a huge difference.
In the end crypto bros just make it so there’s still rich people at the top, they’re just not necessarily the same ones.