only Bitcoin maxis would call basic and commonsensical economic theory "dishonest argumentation to attack and discredit"
people delay spending in deflationary environments. period.
Bitcoin maxis talk about SoV all fucking day ffs.
hodlers are disincentivized to spend because someday it will be "generational wealth."
its fucking obvious and talked about all the time.
I buy diepers for my babies with bitcoin 😂
It's net inflow being higher that matters.
exactly
this is a great example
in a deflationary economy
the 20000 sat transaction for food still happens
but the 5400000000 sat purchase for a home is deferred
It's not differed if you got no place to live in, it's differed if you want to buy a second flat in Manhattan
as I keep telling you
its a spectrum
in a deflationary environment why buy a house when you can rent?
houses just get cheaper anyway
why invest capital in starting a business?
that money gets more valuable anyway.
theres absolutely no reason to believe that a fixed number of monetary units results in some magical Goldilocks zone where only degen super risky investments are discouraged.
yes all of that is wiped out and that's a good thing.
this is a standard revolutionary problem where the rebels impose their own insane policies because they're highly triggered by the excesses of the legacy system.
