Innovation and commoditization measured with a constant denominator (21 million) will result in an ever accelerating cycle of innovation and abundance. Because to compete with the existing the new has to be better. Which makes the existing cheaper, but the new, better can be priced higher. The difference will be that innovation and value are the only drivers of the economy. Not money printing and bailouts. While the existing gets cheaper we‘ll also get more time. To focus on: innovation, art, muse, architecture etc. it’ll be beautiful.
Discussion
Stop larping lol. You have no clue what you are talking about, innovation has always been recognised as the main drivers of an economy. Read up on Schumpeter and Solow
Boeing, for example, would not exist in a Bitcoin economy. Subsidized and bailed out, we still fly in 1949s technology. Had we spent the trillions of dollars on actual ROI, who knows. We’d be flying in individual drones. Tesla is another example, pumped by VCs, subsidized by Wall Street. Battery technology is its Achilles heel. Bitcoin scarcity has fatal consequences for capital misallocation.
Subsidies are still possible on a btc standard. Funds for Public/private companies are needed to remove inefficiencies around IP rights, i.e. hesitation to invest without incentives (patents,subsidies ).