People are going to stay worried about their currency diminishing in value over time. That isn’t new. I don’t know why you wouldn’t be worried about that. It’s the same reason people flee to real estate and you have investors mass buying all the homes. Is that their way of “new ideas” and contributing to society? If we get to the point where water and farm animals are the new currency, we will all probably have much bigger problems than dollars or bitcoin lol. I disagree about incentive. But I don’t think we ever see a bitcoin standard ever in our lifetimes at least so no point to argue it
Despite the dollar decreasing in value forever (as it should), median US workers have a quality of life on par with the upper class of the 1920s. The minimum wage worker on par with the middle class of that era. Pretty unbelievable for that to happen in a rigged game where “they” are playing games with the currency to screw everyone over.
Billionaires, if they were to hoard their money rather than invest in companies because the value of the money is guaranteed to increase over time, would be catastrophic for the rest of the country. That means less new ideas, less new jobs, stagnant wages…
The economy runs on goods and services. Agreed, if water and farm animals are the new currency we are screwed, because the supply and value of goods and services are what drives economic activity not the currency. So you can hoard all of the bitcoin you want, but you are not shielded from inflation if currency becomes worthless since there is no more available food or other essential needs you get from a store. The biggest threat of the hyperinflation I mentioned is being unable to get things, and jacking up tariffs and threatening your trade partners is a great way to jeopardize supply and cause inflation to spike, it’s not JPow printing the dollar into oblivion.
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