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I think we should consider the possibility that Bitcoin greatly incentivizes saving and disincentivizes consumption, at least while prices are increasing a
by briefcomment 6y ago
I think we should consider the possibility that Bitcoin greatly incentivizes saving and disincentivizes consumption, at least while prices are increasing as quickly as they are.
- imtringued 6y agoIf people are unemployed or underemployed and you save regardless that waste of productive work doesn't reappear through magic in the future. It's just gone.