So you can use BTC as you suggest alts should be used -- for moving your (presumably highly volatile) native currency into real money -- USD.
Yea, let's all convert our Bitcoin into Jewish paper confetti and watch as it goes to 0 value as they print an infinite amount more, great idea. You Zionist spammers from the JIDF that have already created over 5000 pro-central banking spam accounts need better propaganda.
Money is just a tool. Fortunately for you folks at the Fed not only look after price stability, but also employment level, moderate long-term interest rates and the exchange rate.
The ECB in contrast follows monetarist approach (inflation targeting) exclusively.
The results speak for themselves (GDP growth):
In the past a unit of currency may have been worth more than now, but today you get more of said units and, actually, the amount you earn in deflated today's US dollars is still greater than what people used to earn (especially for the rich).
http://www.frbsf.org/economic-research/files/el2012-10-1.pnghttp://www.advisorperspectives.com/dshort/charts/census/household-incomes-mean-real.gifserious question for anyone here, what happens if the fed raises interest rates?
Financing cost increases, investment decreases due to deleveraging, more lay-offs and less hiring due to reduced investment. Bubbles inflated by cheap credit pop, especially in the emerging markets.
Given the current level of indebtedness, anaemic demand and low global GDP growth the economic cycle might be headed downwards, as it's old already.