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Yes but expanding the supply of habitable land doesn’t mean there is not still a finite amount of land. While a sudden “terraforming” might cause land prices to fall drastically, the population of earth will continue to rise (barring existential crisis). And as long as global population rises, so does demand for land. So even if every square inch became habitable, the supply would then be constant with demand still steadily rising. Regardless, these are scenarios that will not happen during our lifetime and may not happen at all.

Paul 2y ago

Here’s another framing. Anything can monetize given the right conditions. Ramen and cigarettes become money in prison, for example.

So in our current fiat currency debt as money system s we here there has been rampant debasement of the currency since 1971, the people try to store their wealth in something other than the melting currency.

Thus Stocks, Fine Art, College Education, and Real estate have monetized and inflated beyond their actual utility.

Hard money will strip all of them of this unnatural monetization. Because if your money can’t be diluted, confiscated, or sanctioned, hell, just save in that!Makes sense?

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Discussion

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

Yes, the argument for Bitcoin as hard money makes sense. My point is just that there will still be a need for intermediaries, since a) not everybody will want to take on the burden of self-custody, and b) the need for credit will continue to exist as long as people want to build new things. Make sense?

Paul 2y ago

Yes, it makes sense. I just think it will play out differently.

Self custody will become simple, safe, and commonplace. AI agents could help us here.

On a gold standard, two brothers who owned a bicycle shop were able to save enough hard money to take time off and invent the airplane. No loans, no credit needed. Just a dream and savings in hard money. Imagine that x 1,000.

CitizenPleb 2y ago

Well said.

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

In some cases, people may be able to self-fund ventures like that, sure. Happens with fiat and other non-hard money assets, too. But if you don’t have enough Bitcoin or don’t want to part with it outright, you’ll need credit in some shape or form.

Paul 2y ago

Perhaps. Hopefully, we’ll both be around to find out!

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

Yes sir! Agreed on that one 🤙