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> A currency needs to be inflationary or people hoard it instead of spending it At some point people will spend it, it just won't be the artificially early spe
by young_unixer 5y ago
> A currency needs to be inflationary or people hoard it instead of spending it
At some point people will spend it, it just won't be the artificially early spending that fiat forces us into.
- imtringued 5y agoIf that point is sufficiently far into the future then by the time you decide to spend, your money may paradoxically become worthless, because all businesses shutdown because of a lack of spending.
- ObserverNeutral 5y agoThat's true, but , hear me out...the fact that there are people who are sufficiently equipped to realize this scenario...might compel them to spend their BTC before the BTC induced economic collapse. That would cause the aforementioned economic collapse not to happen at all... In such scenario the smart person is not the one who postpones gratification by storing the marshmallow, but the one who eats it now because there is no future It's really interesting, BTC moves the analysis from balance sheets to people's psyche.