Imagine a world where you live as a slave with your owner having rights over your time to the extent they'd like. That sucks. Well, fiat is that with the Govt stealing your productive time (since your time was spent on earning money) to the tune of 7-8% (officially) and likely 10-15% unofficially. This is in addition to 40% tax. You effectively spend 50% of your working time serving the Govt. Would you vote yes on sending troops to Iraq, funds to Ukraine, military industrial complex etc? That's how your time is "invested".
If a world where this is fixed invokes your phobia, good luck to you. Dare the Govt actually ask you for your money (instead of stealing it) for funding a war and we'll see how many wars we fight.
Imagine living in a deflationary world where you live as a slave to unaccountable powerful holders of Bitcoin, where a man who holds 20% of the worlds wealth will continue to do so forever into perpetuity, at 0 risk. Do you think this is a world where real wealth creation (goods, intellectual property, etc) is possible?
Nobody holds 20% of Bitcoin, and early BTC whales have been selling to make their profits so we're getting less concentrated[1]. It helps that BTC has taken a decade to rise to this value with plenty of selling and redistribution along the way. I don't see your point but perhaps you don't mind sharing more :) I don't disagree that concentration is a problem but the existing system has enough concentration already. I don't want states printing away to glory, and bitcoin can't be printed so that's a HUGE improvement
Nonsense. Inflation has been running at below 2% for decades, and everyone is free to invest their savings in shares, gold, other currencies, or even crypto. Comparing that to slavery is not only fundamentally wrong, but distasteful.
US debt is skyrocketing, expenses like war paid for by debt[1]. Inflation in the US has been 2% but only because it was in a position of strength with the world accepting USD as the global reserve. That's changing steadily both with excessive printing and the world rejecting US debt instruments as a savings asset.
"Everyone being free to invest" is a bit of an elitist claim, as most in the US live paycheck to paycheck and are hurt by inflation. Cost of ownership of houses skyrocketing over decades, and CPI being oriented around very basic goods points to inflation being hidden away.
The US is incapable of paying their debt and must continue funding the economy via more QE. Other nations have moved to their currencies to trade with each other (Euro, Ruble, Yuan etc). This game won't last forever.
Real wages have been stagnant while the money supply ever increasing. This wasn't the case until 1971, when the US removed the gold peg: https://wtfhappenedin1971.com/
Europe is interesting in that certain parts of the Euro zone run high deficits and need bailouts while some of the others are disciplined. I don't have a clear theory for why inflation in Europe has been stagnant all along.
If a world where this is fixed invokes your phobia, good luck to you. Dare the Govt actually ask you for your money (instead of stealing it) for funding a war and we'll see how many wars we fight.