Agreed. Stablecoins may be useful pre-hyperbitcoinization or if for some reason hyperbitcoinization doesn’t happen. But I think we are likely to see a re-emergence of a disinflationary monetary standard, with Bitcoin currently being the most likely contender.
People will still spend, because they still have needs and wants. They will just spend more carefully, instead of on useless junk, like you’re forced to under forced/inflationary conditions. Fiat monopoly *is* socialism.
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Gold was mildly deflationary and people still invented things and started companies. Yes they saved more Think of yourself personally: If you had 10 gold coins would you just sit at home and do nothing or would you go and try to achieve 10 gold coins + a House or, 15 gold coins?
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>People will still spend, because they still have needs and wants. They will just spend more carefully, I buy that. What % decrease do you foresee in consumer spending as a result of us moving from 1-3% USD inflation to Deflationary BTC?
End of conversation
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(or a pegged sidechain)