We agree that organic growth will make a comeback. However, even on a bitcoin standard, starting a business will be risky still. If the economy is deflationary, people will become much more risk averse. This could cement in legacy businesses such as Walmart.
Discussion
lol, I disagree with your second part. IF Booth is right, and I think he is, bitcoin will create a means for true savings AND cost of living will continuously go down.
When this happens, workers will become the ones with power BECAUSE you will need to highly incentivize people to work, especially if they really don’t need to. Leading to workers being able to negotiate from the strongest starting point.
This still doesn’t negate that it is intolerable to steal the wages of workers because you own the means of production, that ideology would still need to be cemented in “proof of work” BUT, bitcoin gives the workers a leg up.
I still fear centralizing of money, influence, and power…only if we lose the war with ideologies. nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe