dcrypt on Nostr: It would distribute the gains more evenly if people were already on a BTC standard. ...
It would distribute the gains more evenly if people were already on a BTC standard. If only a small minority of people are using BTC, then the gains would not be spread more evenly.
Bitcoin is not debt, so it doesn’t rely on the issuance of more and more credit to keep it going. It’s hard money and it’s designed to always increase in purchasing power by the amount of productivity gains.
So yes, AI and Robots will dramatically reduce prices for good and services on a BTC standard, but our fiat brothers and sisters will be forced to pay higher prices because the fiat system cannot survive in a deflationary world. They need prices to continually rise. So this new AI era we are in should be very interesting.
Bitcoin is not debt, so it doesn’t rely on the issuance of more and more credit to keep it going. It’s hard money and it’s designed to always increase in purchasing power by the amount of productivity gains.
So yes, AI and Robots will dramatically reduce prices for good and services on a BTC standard, but our fiat brothers and sisters will be forced to pay higher prices because the fiat system cannot survive in a deflationary world. They need prices to continually rise. So this new AI era we are in should be very interesting.