kevin_strom on Nostr: One thing that BTC does is make everyone want to defer consumption -- the money will ...
One thing that BTC does is make everyone want to defer consumption -- the money will be worth more, and the things you need will be cheaper/better... if you wait. And so you "make do" with what you already have, until you really need to buy. So that helps.
And BTC, in the long run -- and this may be unpalatable to some people, but I think it's true nonetheless -- will grant great prosperity to the prudent and the responsible and the smart, so they will be able to have and support proportionally more children than the spendthrift and the foolish and the stupid. Over several generations, this will bring about an improvement in human character and intelligence, if it isn't stopped from happening by "do-gooders."
And BTC, in the long run -- and this may be unpalatable to some people, but I think it's true nonetheless -- will grant great prosperity to the prudent and the responsible and the smart, so they will be able to have and support proportionally more children than the spendthrift and the foolish and the stupid. Over several generations, this will bring about an improvement in human character and intelligence, if it isn't stopped from happening by "do-gooders."