imo Bitcoin will always gain purchasing power in a Capitalistic environment. Accumulative efficiency of resource usage will drive the cost of production down. Without an inflationary storage of value/medium of exchange/unit of account, prices will be pressured to go down in a continually competitive environment.
Regardless if Bitcoin continues to go up in "Fiat" terms, it is going up in purchasing power for market goods.
This is very much similar to the Jeff Booth "Price of Tomorrow" perspective. (I still need to read the book)
Chrys
npub1u8…y03ed
2024-06-13 13:57:54
in reply to nevent1q…lyyv
Author Public Key
npub1u895rj0zlqu55rtfxdyh6cu6nsxhck9qqqyut3qe6gkf2xjtv8vqfy03edPublished at
2024-06-13 13:57:54Event JSON
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"pubkey": "e1cb41c9e2f8394a0d6933497d639a9c0d7c58a00009c5c419d22c951a4b61d8",
"created_at": 1718287074,
"kind": 1,
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"content": "imo Bitcoin will always gain purchasing power in a Capitalistic environment. Accumulative efficiency of resource usage will drive the cost of production down. Without an inflationary storage of value/medium of exchange/unit of account, prices will be pressured to go down in a continually competitive environment.\n\nRegardless if Bitcoin continues to go up in \"Fiat\" terms, it is going up in purchasing power for market goods.\n\nThis is very much similar to the Jeff Booth \"Price of Tomorrow\" perspective. (I still need to read the book)",
"sig": "63b26e620c754726a39f9b447f1b15c56c9c60431c409ed61d62dbc5974c2a2d6b81d6dfe0895ec1c4ff529ffc6f04169474252fb17114cb6827c5b5283b81cc"
}