While the price of bitcoin goes up and the value of fiat keeps declining, won't that make bitcoin basically out of reach for most people?
Discussion
They’ll have to work harder for fewer sats. But it’s not like we haven’t been telling literally everyone this for years. We didn’t make the rules.
But everything else would cost fewer Bitcoin too. Not just he 1h of your labor. But 1h of everyone else labor, every product, etc., and every unit of every fiat.
Bitcoin price of some will decrease faster than of others, but all would be decreasing.
Extrapolating far far away, I believe a modest family live would be far more accessible than it is now. While accumulating riches at scale for the already wealthy would be far more difficult than it is now.