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RE: Will Cryptocurrency Ever Become Real Money?
Interesting.
The way i define "real money" is that 1 BTC today is equal to 1 BTC tomorrow.
The biggest problem with The US$ is that $1 today is worth $0.99 tomorrow, and $0.98 the next.
Or, savers are punished. And that destroys the economy.
Yes but it doesn't destroy the economy, it destroys the purchasing power of wage-earners and anybody else who relies on money rather than real assets to fund their lifestyle. It punishes people who sit on their money instead of buying things, building income-producing businesses, or investing in things that grow in value.
I agree with your point about BTC and it's something so few people understand. I actually mention the basic concept you're talking about, purchasing power, on my website: https://markhelfman.com/cryptocurrency-as-an-investment/
Inflation is healthy for modern economies, it encourages investment and productive activities. The problem is people assume money = wealth, which is not true. Money is a way to get what you want. Inflation makes it harder for you to use money to get what you want. Inflation destroys the value of your money.
If you consider "modern economies" as equal to "consumerism" then, yes, inflation is healthy for them.
I consider all of them to be an abomination.
Further, inflation is a tax, by the people that control the money, onto all the poorest people. Inflation slowly sucks the life out of an economy until nothing is left. Everything that is worth owning is owned by the money controllers.
Yes, modern economies run on consumerism. Inflation moves wealth from those who make money to those who own things that make money. Cryptocurrency itself changes that dynamic in a very fundamental way. Our notion of wealth will have to change too.