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Via https://finance.yahoo.com/news/rich-dad-poor-dads-robert-193714809.html
Everything is only worth something because people pay fiat for it. But the value of many things increases over time, whereas fiat decreases. This isn't revolutionary stuff, this is basic rich people economics. Assets grow, cash shrinks.
You have the cart before the horse. Anything of value can be traded in fiat, not the other way around.
I'm not really considering an apocalyptic scenario where everything not used for survival uses value. I'm obviously speaking in the context of economic value in today's world... Sure, food retains it's value in a life or death situation better than other things, but it's a pretty obviously bad investment from an economic perspective. Unless you think the apocalypse is tomorrow... But then perhaps your money would be better spent trying to prevent that apocalypse?
People have bought goods like pizza with BTC before. Not to mention so many drugs (but a lot less drugs than bought with $)
So this isn't really true, it's more true that USD is only worth something because people trust the US government not to fail tomorrow.
How did they live? Buying food with fiat, checkmate buttcoiners
Value of anything is determined by what someone is willing to pay. But you are wrong about the value of other crypto, it's traded by bots against Bitcoin, so when Bitcoin goes up it affects all the other crypto because they have a much closer correlation to BTC than to the dollar.
I agree that BTC is a fiat currency. The point is over a longer time frame it will store more value if there are more services like the lightning network that rely on eventually doing transactions on the main net.
That's all ridiculous but if the price of gold tanks that's kind of the right time to buy it if you have the opportunity.
Yet the dollar is strong...
I lost 25% of the value of my cash in just a few years, it's only strong in relation to the yuan, euro and pound
It's weak in relation to gold and stock shares