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Author Topic: the huge Problem that most people doesn't really understand  (Read 9479 times)
deisik
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January 12, 2014, 05:29:21 PM
 #121

Even the poor Indian child who earns $2 per day sewing clothes... if she can survive on $2 a day, she can survive on $1.98 a day, and invest 1% of her income. That % put away builds exponentially, and always ends up significant if you only have the discipline to stick to the plan.

It would work (provided there is no limitation of another kind) only if lifespan were infinite (this is the crucial premise your assumption lacks)...

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January 12, 2014, 07:42:11 PM
 #122

I have been reading posts on this thread I've created and I have been amazed!! I have to admit that I liked reading the different opinions  but I also have to admit that really few members here understood what I meant, or maybe I didn't express my thought the right way.

I was trying to find the right words and the right method to express what I think about saving in general and fiat money in this special case, but I failed until I saw a video of a guy with a close enough thoughts ( I really forgot what was the title I just came across it on the YouTube recommended videos.. 

so everything is based on trust, you have to trust the issuer to use it as a medium of exchange, Fiat and the paper it self has no value except that it was issued from your government and because of that you are somehow comfortable with exchanging it for goods because you trust your government, so think with me when you get a payment for a service/good/salary... you basically are not holding value but paper that supposedly have value based on your trust of the issuer, you hold value only when you exchange that Fiat (paper) into goods or services.

now people who work hard and save so little to be able to invest in companies/stocks/real estate and are forced to try to hold to that little cash that they still managed to save after spending on basic things, these people are the most effected, people who can not afford to buy houses and cars pay for high education .... and instead have to get a mortgage are effected even more.

what bitcoin solves Beside the technical side of it ( block chain solving the double spending) is instead of teaching your kids (the market) to get credits and mortgages to build their future is instead to save and spend later on important things first to less important things later, because that bitcoin that you are holding now will buy much more after 2 years than what that USD, EURO.... will buy you in 10 years

I still think that I didn't explain it in a good way , but I just hope that some of you there will get what I am trying to say here...
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