Replying to Avatar Hanshan

Hey you know what?

Not only is fiat money responsible for endless wars and destruction,

but it's also responsible for the internet and smartphones and countless other modern conveniences.

I'll take peace and pastoral bliss over war and technology any day, but Bitcoiners should probably think a little about how they're going to incentivize capital investment.

#bitcoin
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FreeYoda 5mo ago

I think current situation with outsized gains are abnormal.

It will slowly turn into a way more stable money/SOV.

That will trigger people to look for yield.

Make them invest their Bitcoin.

Nevertheless it will make it way less interesting to spend it like we now spend fiat.

That will make us/economy way less focus on consumption and through away quality.

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Hanshan 5mo ago

I agree that permanent deflationary conditions are better than the current centralized control situation. That doesn't mean that it's the ideal state.

Current Bitcoiner view is a knee jerk reaction to fiat insanity, it is not well reasoned monetary policy.