Spoiler alert:
Yes. No. Maybe. It remains to be seen.
It's complicated.
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Discussion
Yes, we are all going to be badasses, smoking cigars with leather chairs in rooms that look like this:
I hold to the view that it will be a slow decentralization century just like it was a slow century of centralization since 1920.
But on day 1 of a Bitcoin standard(for individual if they adopt first, or citizen of a Bitcoin country) the life starts improving.
I just realized this morning how horrible this inflation is. It's a reverse compound interest for the poorest wage earners and pensioners.
And then the sales/property tax is compounding on top of the inflation!
You don't already have a leather chair in a room like that? Slacker.
I'm slacking in a red leather chair as I type this.
I don't know, if we'll have enough monetary velocity, to get hyperinflation going, with our aging, shrinking population. It's not enough to print; the money has to be spent.
Europe has seen, recently, how difficult it can be, to spend money, without being completely silly. The stimmies only "worked" because they were real helicopter money.
I used to worry about population collapse due to Peter Zeihans predictions. Eventually a real human nurse for aging population could be unattainable.
Human souls are the ultimate scarcity in the universe. No wonder why Halloween tries to scare me to death