Reposting something applicable I wrote a few days back:

Economic incentives under a sound money standard (#Bitcoin) interest the hell out of me.

With a cost of capital set by markets and influenced by the fixed supply of #Bitcoin it seems CapEx would undergo a metamorphosis.

It’s likely lenders would be meticulous with their investment(s) and funding would flow more to productive enterprises in lieu of non-productive ventures. Greatly reducing the amount of cheap junk in economies - a dream come true imo.

Another outcome of a global sound money would be the cessation of exchange-rate arbitrage. Less (or no) cheap labor markets would also dramatically reduce the economic incentive to manufacture low-quality non-essential junk to arbitrage in wealthier markets.

I know these dynamic are likely farther down the road but the potential for sound money to create positive incentives that fix issues at scale gets me hopeful.

Anyone who read this far, I appreciate it, and would like to know if you agree / disagree / have anything to add. Respect to #plebchain and here’s to a better future.