On a fiat standard, entrepreneurs raise prices slowly until the consumer won’t buy something.
On a bitcoin standard, entrepreneurs lower prices slowly until the consumers will buy something.
This is a massive psychological shift that will need to be ingrained in our minds in order for us to start accepting and negotiating lower salaries year over year.
#bitcoin
On a fiat standard, businesses lower the quality of products to get you to buy
Please Login to reply.
They build products that are the same quality as the money used to buy them: Absolute shit.
Even the food is worse quality. McDonald’s used to cook their fries in beef tallow.
