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The value of the USD (priced in gold) has been declining steadily. The value of the Bitcoin (priced in gold) has been increasing.
Numbers can be tricky, don't get confused by them.
Each dollar buys less (inflationary currency), but this is more than made up for by people *earning many more dollars.*
That's how inflationary economy works -- each dollar buys less, you make more dollars, and as a result, *disposable income of Americans steadily rose since 1940, leveling out in 2008.*
Bitcoin OTOH, having a 21 mil. ceiling, is not inflationary. Once the 21 mil. have been mined, that's it. Yes, it's a great store of value, unless its price crashes, at which point it stops being a great store of value.
Being a [potential] great store of value also makes it hard to keep in circulation. There is less incentive to invest, economy becomes stagnant & fails to keep up with population growth, yadda yadda yadda, ugly endgame.
TL;DR: By comparing bitcoin to dollar, you are comparing a finite number (bitcoin) to an infinite [possible] number (dollar). In other words, the total dollars continue to buy more each year, though each individual dollar buys less. Who cares that a single dollar buys less when *all* the dollars you earn buy more.
A parent should be able to directly give his earned and saved wealth directly to his children, without government involvement or limitation.
That's how you get some babies that are billionaires, and some babies who don't have enough to eat.
It's not the babies' fault that they are born pathetic and poor, and a country full of poor angry babies is a dangerous place.
That's why smart rich babies decided on a thing called taxes. So that the poor babies would get enough to eat, and be less likely to roast rich babies & eat them instead.
That's important to understand.
"Corrupt political jurisdictions" in this context, does not mean people incarcerated in camps. Have you heard of Cyprus and Argentina? They have access to computers and the internet.
That's why Cyprus is the bitcoin capital of the world.
Travelers using Bitcoins does mean travelers spending Bitcoins to purchase food, lodging, and transportation (yet). It means getting your funds there. You can do that with a Bitcoin wallet, a piece of paper, or an email. I recommend converting it into the local currency before spending it.
Getting your funds where? If you haven't been out in a while, i can tell you this: I can barely convert my bitcoins into spendin' money in places i know well. Trying to turn bitcoins into foreign coin in deep dark Foregny is a recipe for tears & fail.
Kids, don't do it. If you just gotta fail, try crack instead.
Paying a whistleblower is not "yellow journalism" is it?
Of course it is. Paid informants are rats, not whistleblowers. Spies and traitors get paid -- whistleblowers are admired because they do what they do for truth, always at a peril & loss to themselves. Jeesh. Learn to hero.
