If i had to define it: “the process finalizing the subsumption of all fiat moneys and monetary premiums globally”
And by this definition, the answer to her Q is yes, as there would be no more fiat to measure the price in. We would then just see it as price deflation.
Btw i’m not one of those people who think this is inevitable, at least anytime soon. Mass retardation psychosis is strong. People love trusting banks and not taking personal responsibility, a lot. And there are lots of people.
Yeah, but my question is about what happens AFTER?
Do prices stabilize or continue to fall in sats?
They should continue to fall in a world where bitcoin is the only money (which may or may not ever happen 🫣)
How can we entertain the thought of 'after' given what NoBody described is unfathomable? For me it's a waste of time to even think about it. All assets denominated in Bitcoin, am I right? As citizens with passports and having countries and borders, we are slaves in prisons. Anyone remember covid and lockdowns? Governments are fighting over natural resourses, nobody would take bitcoin seriously with a handful of data centers mining blocks, which can be outlawed or shut down whenever it's no longer convenient. For now bankers and corrupt politicians are just milking the cow. We are insignificant. Even if anyone has millions, it's not a lifejacket.
