Buttcoin over 30k. FTX, Celsius, Voyager collapsed. Binance soon to follow. How TF is this turd crowning?

  1. Over time more money is put in circulation - you pretend like this is a bad thing, but it's not done in a vacuum. The average annual wage in 1900 was less than $4000. In 2023 it's more than $70,000! There's more people out there and the monetary supply grows appropriately, as does wages. You can't take one element of the monetary system completely out of context and ignore everything else.

  2. The causes of inflation are many, and the amount of money in circulation is one of the least significant factors in causing the prices of things to rise. More prominent inflationary causes are things like: fuel prices, supply chain issues, war, environmental disasters, and pandemics.

Lmfao this is the dumbest shit I've read in ages.

/r/Buttcoin Thread Parent