Western sovereign debt requires negative real rates to avoid nominal default
Also, by demonetizing productive goods that people need to survive, #btc and #gold literally saves lives
FEW understand
Discussion
Except this isn't how basic economics works. Hoarding any commodity causes price to rise, causing increased investment and then production as people seek to gain from producing more of it, causing equilibrium to return. Hoarding bitcoin or gold isn't exempt- more energy is spent trying to produce these resources which actually contribute no value in and of themselves. So if anything it's actually the opposite of what Luke is saying