Silner on Nostr: You may be right, but something has changed in the intervening century. That ...

You may be right, but something has changed in the intervening century. That something is the birth rate. If it keeps falling and consequent demand falls with it, as seems likely now, then the price growth of Bitcoin, as well as any other measure of capital value, will eventually tail off.

Gold stanards only really work as long as there is a growing numbe rof people wanting gold and that in turn relies on a growing population. Even a finite mathematical constant like Bitcoin is not immune to that function.

Eventually the rarest resource on earth will be young people and old people will have to pay more for their time, in terms of their work at least. I started realising this as I was getting older.

I'm just amazed no one else is talking about it.