So, theoretically, after everyone is using Bitcoin as money, when I earn money through work, and save it for a year, it should be able to buy me the same amount of stuff as when I first put it in savings?
Discussion
I think that’s the idea, from 10-1000 years from now you would have the same amount of value.
But since there can’t be more bitcoin, and bitcoin is lost every year through people losing their keys, then the value should still increase?
I think nostr:npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppj and nostr:npub1w4swqedal6gcw23ndd93tkkdy3zj2l6zjdjvzrhu8rnw0k8lc8lswzprhz have the right of it. You'll still be able to buy more stuff with the same amount of Bitcoin in the future, first because technology will improve making it possible to make more stuff with less work, and second because saving your money means there's less demand on the stuff that's already been made.
Great questions!
Actually, nostr:npub1zcjv4t06jm6tk84nypk8g7q6z8jsra8u8q4kprv08krcpvmskzwqvwam8a, the bitcoin you work for and save will continue to be able to buy *more and more* because not only does bitcoin--the first truly "honest money" that can't be arbitrarily inflated--not only will it save the value of your time and work, but the value of all the work, all the innovation, all the invention and improvement in everything that human ingenuity is able to produce; ALL of that value continually accrues to bitcoin.
As things are presently, *most* of the value of our work is being stolen by the gangs of thugs we call "government" or "the state." But under a bitcoin standard, they will no longer be able to directly tax or inflate our value away. This has been hidden from the understanding of most people, and will become obvious over time.😆