So is the cycle of inflation. Interest is supposed to make up for inflation but with common banks it really doesn't. Steem seems to be less vulnerable to inflation caused buy dumping unbacked currency. Voting for witnesses allows you to make the network stronger against manipulation by undesirable individuals. Please consider voting for me as a witness. https://steemit.com/~witnesses @camb
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So true. Interest is meant to counteract it but if got money in the bank, can we really say that the interest covers the increase of inflation. It is meant to but does it in comparison with everything else going on. I don't think it can.
I don't think crypto's are directly aligned to combat inflation but anyone holding a position in bitcoin I think are more pleasantly surprised than many other areas. What I am seeing is that many would be entrepreneurs would do better by holding crypto than holding cash, but that is something everyone has to discover for themselves whether true or not.
Thanks for stopping by @camb. Good to hear you a witness helping to keep the site up :)
Create a great day,
@kozan