Replying to Avatar JonyMaster

GM Fellow Bitcoiners!

This looks day by day more real.

But I have a genuine question: In the event of real hyperinflation, how is the economy going to price the stuff in Sats? I mean, how much the eggs price should be afterward? How many Sats for a car, or for a house? Or for a phone?

I'm guessing it's going to be a little painful in the beginning, but I'm trying to imagine the moment when everyone stops to “update” the price in Sats because it doesn't make sense anymore.

Let me know what you think here, thanks!
f4
6am 2y ago

We will have the practice of good values such as honesty, truth, honour, dignity, etc... And, obviously and naturally, private justice for those who do not practice the good values of a free market...

There will be healthy incentives to produce, and of course disincentives to cheat others.

There will be the incentive to have large, cohesive and strong families.

This is the "magic" of the free market.

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JonyMaster 2y ago

Yeah, I think many smaller circular economies will eventually merge through the internet, but taking in account every local condition (like eggs in South America won't cost the same as eggs in Europe, etc)

f4
6am 2y ago

I think that we will have local economies in some good and services, but also a global market for some things. But its hard to predict how will be... They are so many variants that can change the story