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Laser 6mo ago

Central banks bend the incentive curve for companies towards cheaper and cheaper goods and services.

#Bitcoin bends the incentive curve the other way, towards richer and richer goods and services.

Central banks gave us synthetic foods made machine oil and chemical dyes. It gave us clothes made out of trash bags and houses made out of popsicle sticks.

#Bitcoin will give us whole, regenerative foods that preserve nature. It will give us fine textiles and manors built to last hundreds of years again.

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Deleted Account 6mo ago

I truly believe this. It's so self evident yet it's also hard for people to accept something they haven't seen.

I'm building a custom stabilised rammed earth home. It is designed to be an asset to my family for 500 years. The ONLY way building a house makes sense on a bitcoin monetary system is if it can provide shelter and protection for 4 of 5 generations. Otherwise you are just better off holding BTC and renting a home.

In the coming world you either do something to the highest quality possible or just don't do it at all.

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Varangos ☦ 6mo ago

Ever cheaper goods at increasing cost, or ever richer goods at decreasing cost, which way Western man?

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Laser 6mo ago

In real terms, the cost of goods is going down with fiat, but the population is just getting poorer faster.

In real terms, the cost of goods goes up with #Bitcoin as a richer and richer population seeks out higher quality.

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Varangos ☦ 6mo ago

At least the easy that I use it, "cost" is a loaded term. It includes more than the immediate market price of the item, it includes consequences of, say, buying polyester clothing, it other long term effects of fiat-brained decision making.

Likewise with Bitcoin, I'm assuming aggregating benefits that increase over time and eventually counteract the fiat consequences.

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Laser 6mo ago

Right.

In fiat land, the cost is only going down because quality/soundness is, but in nominal terms the price still goes up because of inflation.

In #Bitcoin land, a wealthier customer base means companies can produce costiler/more valuable goods and services while still enjoying a large market that will grow over time.