I recently read an article from Gordon where he was discussing the use cases for cryptocurrencies. He mentioned that cryptocurrencies aren’t used as currencies but more as a store of value and that most users would cash out their crypto for traditional fiat. He was making the argument that cryptocurrencies needed real case uses and as the market stands now that it’s uses are more speculative. Even with the advent of the emerging blockchain technology to revolutionize traditional finance many people’s minds are still used of the old system. And why shouldn’t they be: when you go out to buy resources that you need and/or want the value would be determined in your country’s national currency. Mostly likely your evaluation of your crypto portfolio is measured in fiat, why would you use any other measurement to determine it's value?   So the real question becomes what kind of profits are you making with the devaluation of the monetary supply by unprecedented gov’t spending?

Year    =$100 (1913)    Comments

1913      $100                The first inflation measurement

1920      $197                End of World War I

1930      $175                 The Great Depression

1940      $142

1950      $240                 World War II Inflation

1960      $299                 Less inflation from recessions

1970      $386                 Increased inflation from deficit spending

1980      $794                 End of the gold standard

1990      $1,300              Reaganomics

2000      $1,722              Expansive monetary policy to fight 2001 recession

2010       $2,211

2018       $2,529

2019       $2,625

2020       $2,634              Global health crisis

   “You have to remember that inflation really is nothing more than a tax. Now, when the government spends money, they need to get money. The public has to pay for it. Normally, the government would raise taxes, and then the taxpayers send money to government, the government spend it. But we just passed a 1.9 trillion stimulus bill. Nobody’s taxes got raised. But we don’t get all this government for free.” – Peter Schiff

   I’ve got a great example for you let’s say you bought $10,000 Cdn worth of Tether valued at $1.33 each at time of purchase. You throw those funds in a CeFi platform of your choice to start earning those high APYs you’ve been hearing about. Since the time you’ve made your deposit Tether has continually declined in value all the way down to $1.25. Even though you are earning money while you sleep with the accumulation of Tether if you liquidated the amount at this price evaluation you won’t get your initial investment back in full. And even if you did get back your initial investment would it matter, the fiat at time of purchase had more purchasing power when you bought the Tether then it would've had when you liquidated the Tether at a later date?

You don’t cash out, You buy the dip!

  To what end? To the layman cryptocurrency is more inconvenient than what he/she is used to. A wallet address that is too complex to remember without the aid of a computer or phone, there are thousands of cryptocurrencies and within those variations of types that do different things, gas fees cost more than traditional finance, are they ready to take the precautions and  security measurements to accept sovereignty as their own bank and lastly if you want to spend your cryptocurrency you are confined by the platforms and retailers that accept certain cryptocurrencies for goods and services; you are more likely to trade cryptocurrencies for other cryptocurrencies.

   Why would I use Bitrefill to trade my crypto for gift cards in my country? To stay anonymous, I hate to break it to you but an immutable ledger is more in align with a  tyrannical dystopia then if I made my purchase with cold hard cash. I am not advocating for the use of fiat over crypto, I am making my point of views from the prospective of the everyday man who has been trained to use a smart anything that makes his life more easy and convenient. Why wouldn't I just use my credit card or cash to buy what I want (not taking into account my right to privacy and the hidden tax of inflation)? I have unsuccessfully convinced anyone I know to buy magic internet money and the real barrier has been their ignorance and unwillingness to learn or have a use case for it. I read a post recently that had said what does cryptocurrency mean to you and the author asked 7 successive questions peeling back the layer of the previous question. To me crypto first was a financial revolution for the people, then a store a value, then a moon shot but now it is a means to an end. That end to me is more important than the cryptocurrency itself and when it is accomplished I will no longer be a hodler of any significance.

Those who love money will never have enough. How meaningless to think that wealth brings true happiness! The more you have, the more people come to help you spend it. So what good is wealth—except perhaps to watch it slip through your fingers! People who work hard sleep well, whether they eat little or much. But the rich seldom get a good night’s sleep. There is another serious problem I have seen under the sun. Hoarding riches harms the saver. Money is put into risky investments that turn sour, and everything is lost. In the end, there is nothing left to pass on to one’s children.

- Ecclesiastes 5:10-14

Thank you for taking the time to read my post. I tried to make this post with wide spread appeal because I would like to give back to someone in the community. I don't know about you but most of my tips are 80/20 and those aren't even my funds they're Publish0x reward pools. How would you like all the Dogecoin I own? All you got to do is subscribe, like, comment and hit that notification bell just kidding... no for real; Price is Right rules for my international readers it is a game in America wear you bid on a item that you think it is worth without going over the value of the item the bidder who guesses the actual price or is closest to it without going over is the winner. I've been accumulating Bat on the Brave Browser and Publish0x since Jan 2000 how much Bat in total do I have(# not $)? (Will post a pic of wallet to confirm). Whoever post the right answer or closest to answer first will be declared the winner. In my next post I will declare the winner at the end. (30 days< I promise) Please make sure you post or email me a valid Doge address I'd hate to see the coins get burned. My reasons for choosing Doge should be obvious but there is no cheap way that I know of to send ERC 20 Token plus the coin is in line with what I'm trying to do give a big tip!

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