Replying to Avatar StackSats ⚡️

Weak money forces people to use other assets as a store of value.

These assets (e.g. houses) are no longer just purchased for their utility, adding a monetary premium to their price and becoming unaffordable for working class.

Social problems and populism arise. Capitalism is wrongly held responsible for the consequences of late-stage fiat.

#Bitcoin will pull the monetary premium out of all other asset classes, allowing their prices to recalibrate based on their actual utility.

e1
BOL 2y ago

Yes, hopefully we can transition without too much social strife!

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