<oembed><type>rich</type><version>1.0</version><title>victor wrote</title><author_name>victor (npub16h…axymy)</author_name><author_url>https://yabu.me/npub16h43mvfanfmsvkg86vgqwr4h268l23t6034wulepd0m4j3dky9ssraxymy</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>This screams that it was written by ChatGPT, but I&#39;ll bite anyway.&#xA;&#xA;1. Oh, so my &#34;money&#34; becomes more valuable over time no matter what? I guess there&#39;s no reason to spend it! I&#39;ll HODL it just like everyone else, and nobody will ever use it in the real world.&#xA;&#xA;2. Inflation means I have to spend my money or it becomes worthless. Deflation means I better not spend my money, because it becomes more and more valuable, until newcomers/outsiders just don&#39;t even bother with it since the rich people who hold the currency (in this case bitcoin) only get richer while the little guy has to fight for increasingly tiny amounts.&#xA;&#xA;3. Bitcoin&#39;s value rises and falls based on the almighty dollar. It is a fancy, fun investment toy. It is nothing more than another ticker on the stock exchange. This is a fact that bitcoin nerds ABSOLUTELY CANNOT come to grips with. Nobody who does bitcoin things actually produces anything of value in the real world; they just buy bitcoin and HODL it because &#34;it just keeps getting more valuable,&#34; when in reality the value is only based on speculation and rich investors pumping and dumping it. So yes, not a &#34;Ponzi Scheme&#34; in the classical sense, but still a system that only benefits those on the ground floor.&#xA;&#xA;4. Irrelevant to my question. I know it&#39;s transparent. Transparency doesn&#39;t make the deflation problem any better. (And, while we&#39;re on things irrelevant to my question, the transparency is a double-edged sword resulting in a privacy nightmare that lets bad actors track everything you purchase).&#xA;&#xA;And of course you finish off with a subtly condescending, underhanded &#34;you&#39;re too dumb, it would take too long to explain&#34; style comment.&#xA;&#xA;Typical.</html></oembed>