Enzoerb on Nostr: For example, in the future you have a salary of 100K SATS. Since Bitcoin is scarce, ...
For example, in the future you have a salary of 100K SATS.
Since Bitcoin is scarce, your salary would naturally grow. But with time it would be impossible for your employer to pay your salary.
Thus we would have to adjust the salaries to deflation (just like it adjusts to inflation today). But it could take a lot of resistance from workers.
It’s better to have a deflationary currency than an inflationary one, but would the regular person understand that when their salary goes down in numbers, even though they can afford more things than before?
Since Bitcoin is scarce, your salary would naturally grow. But with time it would be impossible for your employer to pay your salary.
Thus we would have to adjust the salaries to deflation (just like it adjusts to inflation today). But it could take a lot of resistance from workers.
It’s better to have a deflationary currency than an inflationary one, but would the regular person understand that when their salary goes down in numbers, even though they can afford more things than before?