Few seem to have any concept of how much easier life would be if money got more valuable over time rather than less.
ESPECIALLY during a period of massive technological deflation. Imagine if everything you needed for your living standard was 10% cheaper/better quality each year? The literal opposite of the current system.
Most people are too scared of glory.
With technology, things should get inherently less expensive.
We have seen the opposite of that in todayās society.
But Guy, donāt you know that if things got cheaper all the time, nobody would buy anything ever and we would go into a permanent recession?!?! š¤£š¤£š¤£
The quality of products getting worse is bad for everyone including bitcoiners. When I was a kid, our fridge lasted for 20 years. It outlasted two other newer fridges we bought. My parentās bedroom furniture lasted over 15 years and they only got rid of it because they wanted to change things up. My bedroom furniture today has to be replaced because of wear and tear and lasts less than 10 years.
Imagine working 5% less per year while your standard of living goes up 5% per year.
Agree šÆ. The counterargument always seems to be that peopleās consumption will plummet. But so what? Is that a bad thing? Isnāt that exactly what the eco-virtue signalers say they want? All their posturing about lowering consumption to save the planet is BS. They *need* inflationary fiat theft to fund their welfare schemes. At the end of the day, they value the handouts that fiat debasement provides rather than the massive reduction in consumption, CO3 emissions, etc. that deflation would enable.
Itās actually not true despite it being a common refrain:
Consumption is entirely a product of production and the reason we need such high consumption of fast churn products and services is BECAUSE our money doesnāt hold value.
In other words, because the stock of money doesnāt hold, we need people to buy another version of our stupid product next year too, because last yearās money is bleeding. We need fresh inflows at fresh pricing.
So itās a feedback loop both ways:
Good quality products and good quality money mean you can sell one year, and donāt need to rush to get the ānext versionā out immediately because the money is growing in value due to the productivity and sustainability of their better product. This they can take time and look for that which actually moves the needle for their next endeavor.
While the opposite is also true. If the money from this yearās product falls in value, they need to turn it over into another version quickly at a better price point. And importantly, they need to make sure they donāt hit their next yearās sales by making something thatās too good this year. Itās important that it becomes obsolete or degrades to ensure they can sell another batch when their savings has lost 20% of its value to churn out another dose of inflows to keep the machine going.
In an inflationary market, really good products literally choke the companyās longevity by squeezing out future sales. In a deflationary one, the best products distributed the furthest grant enormous advantage and capacity to build more truly valuable improvements.
The way God intended.
You are not stupid, lazy, or crazy...
The fiat financial system is simply designed to keep you permanently poor and energy-drained.
Opt out with #Bitcoin.
Very true.
When I say that we should have money that is more valuable over time, 9 times out of 10 the rely to me is that it would be terrible for the economy. It would stop because nobody would buy anything.
So weird that they all don't think one step further. They think that all these people would starve themselves to death, including their children, which seems more irrational than money becoming more valuable over time.
Better for individuals, better for corporations, better for Global South, better for interpersonal / societal relationships, better for climate and for the Earth.
Only problem: worse for cantillioners, central planners, and a relevant portion of public servants and employees of publicly-funded agencies
Thatās what weāre building for š§”š½
I explained this in the best detail I could to close friends and family last night. The were glued to my every word intently throughout my monologue. When I finished, they promptly got up from where they were sitting, and each explained in various ways that it was time for them to go to bedā¦ š«¤
Need to work on my pitchā¦
nevent1qqsvs0qfcakupgrpqznaf5lpt5encj457readj3r5dz535qrv7xaxvspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgewrqhe
Because itās not a common sense in an upside down world.
I think that all but few have the cognitive flexibility to realize that there must have been something in that Kool-Aid they drankā¦. I see no other reason for this concept being out of their grasp. And people in my circle have doctoral level degrees, self made millionaires, fortune 100 C Suite, etc. None are immuneā¦
I have used the āhas it become more expensive or tricky to make a loaf of bread? A shovel? Etc. when I pose it like that, I have sometimes seen a flicker behind their eyes, but so often it is doused by the Kool-Aid.
My elementary school aged son is being brought up, Kool-Aid free, and we have thousands of kids in LATAM that are being brought up in this truth. I pray that it changes this dynamic!
Great angle! I will use your "tricky" question next time discussing with friends
Would you please expand upon the line of thinking relating to shovels and bread? Is the deflationary principle that these items SHOULD be easier and cheaper to produce vs. more costly and difficult?
Yes. Products become easier to produce and there are more producers and they should become cheaper.
Yes, mindboggling for fiat minds. Crazy!
Losing a job because of technological advancement would be way less of a deal if you'd been able to save in a hard money your whole life.
few
nevent1qqsvs0qfcakupgrpqznaf5lpt5encj457readj3r5dz535qrv7xaxvspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgewrqhe
#funny #cli reply:
I tried to test the (algia), which is a command line tool to deal with #nostr protocol, I think it will help me to post to my nostr account using #Termux on my #Android, this allows me to schedule my posts and maybe there are more uses to discover.
I wrote the command to send (like) event to a note of a certain id:
> algia l --id nevent1qqsvs0qfcakupgrpqznaf5lpt5encj457readj3r5dz535qrv7xaxvspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq3qh8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wqxpqqqqqqzkpqpuy
That was the command, and this is tge reply:
cannot like
#Disappointing reply
Well, I think there is a bug in my android making it work for #google against the new world of #freedom š¤« .
Few in bitcoin have a concept of how the fixing everything has vastly more compounding value on sum total of global productivity: 1) people are wealthier now than under gold 150 years ago; 2) being 5-10x richer matters more to any individual than having their savings be bitcoin on a bitcoin standard.
Consider me a higher order effects maximalist, a fixing everything maximalist.
Imagine how much less of a burden the welfare state would "need" to be (to meet people's expectations). Every year the narrative is always about increasing transfers to help cost of living, or increasing numbers of people facing material hardship.
Same goes for "government services" financed through tax.
Societal shifts would be immense from this alone.
People are programmed to parrot the Keynesian lie that deflation is bad.
The craziest part to me is people seem more interested in being right and getting poorer, than being wrong and getting richer.
We would be more responsible
Really important to think about these issues!!
It is difficult to imagine because we are generations that weren't born during a gold-standard driven economy.
i dont get
why they dont get it
its a dont get world
is my guess
The system is rotten precisely because it goes the opposite of what it should go š¤·āāļø instead of improving the quality of life of citizens getting worse every year. And the fault is the god money who is rotten and corrupt. And they print it inflating it more and more
But 2% inflation provides monetary stimulusš¤”
How they managed to make people believe inflation is good is something I will never understand
I'd prefer a time when it costs only 10% of today's living costs to cover all of the necessities of life in modern society. The other 90% could be put anymore non-inflationary savings or investments, with a portion of that used to spend apart from the necessities of life.
Great
Great š¤ļø
LFG
