Peyton Allworth on Nostr: Scarcity of the money leads to abundance of everything else. The willingness of ...
Scarcity of the money leads to abundance of everything else.
The willingness of saving the medium exchange as a store of value will simply reduce the number of sats that account for the output of the economy. The incentive to get the deflationary money if you are a human actor or robot/ai will be incredibly high in the short term, you must contribute to bring the cost of production down to do this in a fair economic system.
After you have some sats you buy according to incentives from within rather than ones imposed via inflation. Your consumption will not include unnecessary fiat crap to fill a garage with and will further bring down prices.
The willingness of saving the medium exchange as a store of value will simply reduce the number of sats that account for the output of the economy. The incentive to get the deflationary money if you are a human actor or robot/ai will be incredibly high in the short term, you must contribute to bring the cost of production down to do this in a fair economic system.
After you have some sats you buy according to incentives from within rather than ones imposed via inflation. Your consumption will not include unnecessary fiat crap to fill a garage with and will further bring down prices.