except on a Bitcoin standard
like Matt
you spending Bitcoin now
to get less Bitcoin later
why risk it
if your money is going to appreciate anyway?
Discussion
You take risk if the reward in real terms is worth it. That’s how wealth creation works.
except in a deflationary environment the deck is stacked against you
If we are just defining inflation and deflation based on prices of good/service going up or down, then bitcoin has inflation at least once every 4 years, HUGE inflation. I’d argue you’re more likely to spend when pricing are going down then up. I spend more bitcoin when shit is cheap then when it’s expensive in bitcoin terms.
its isnt worth arguing about.
when prices are falling, people delay spending.
its just a fact.
Inflation we’re fucked
Stagflation we’re fucked
Deflation we’re fucked
The world is round or flat
It’s fucked
Come on now, this isn't a rocket science, just basic macroeconomics applied to an unconventional monetary environment.
You said, “except in a deflationary environment the deck is stacked against you.” But that’s not how it works. As Bitcoin matures and its price becomes more stable, its appreciation slows – just like with any large, established asset. This means the return you need to justify investment goes down. Look at like risk-free rate going down.
Eventually, even modest productive gains look attractive compared to just holding Bitcoin. Deflation doesn’t punish investment — it raises the bar. Only the best ideas get funded.
That’s not the deck being stacked against you, it’s the market rewarding real value instead of noise.
nobody knows where equilibrium will be reached.
deflationary environments penalize spenders.
its just a fact.
just saying
"aha! but if you create value faster than then money increases it doesn't"
isnt news.
it just depends on details and nuance nobody knows the answer to.
like "how fast is the economy growing" and "how do credit markets work on a hard money standard"
so its pointless to argue about.