This is the toughest hurdle for me when trying to orange pill fiat junkies. How do we clearly explain/wrap our minds around a circular economy built on a deflationary currency? I can think of some of the positives (in theory). Does anyone know a good book to read on this?
Discussion
Everyone has been conditioned to expect cash flows or interest on deposits. But they don’t realise the cash flows are to compensate for the debasement of your savings being lent to others. They still believe it’s a return on investment
I always recommend "The Bitcoin Standard" as a great resource for anyone interested in learning more about Bitcoin. When I meet someone who seems open to change, I suggest they read the book and contact me with any questions they may have after reading it. This approach has been very effective for me.
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