What makes you think it will grow in purchasing power by 3-4% / year? Of course people will still risk their money on perceived profitable enterprises, but most of people’s wealth will not be in the stock market.
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Replying to @SGBarbour
same amount of BTC in existence, more and more food & clothes = 1 BTC buys more food & clothes
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Replying to @MustStopMurad
Was asking about the 3-4% specifically. Why not 25-30%?
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Replying to @MustStopMurad
See other comment regarding loss of private keys.
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Replying to @SGBarbour
Loss of private keys will decay as people learn and security infrastructure improves. When your life is on the line, people will learn to keep them safe(r)
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Replying to @MustStopMurad
True but there will always be some amount of lost keys, which will probably significantly affect purchasing power.
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Replying to @SGBarbour @MustStopMurad
Here’s a question (don’t answer it), have you sold any stocks to buy bitcoin? I’m guessing a hell of a lot of people have, and will continue to.
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Replying to @SGBarbour
I only invest in crypto. This is once-in-a-thousand years remonetization and wealth-transfer event. We are incredibly lucky.
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Replying to @MustStopMurad
We are exiting one power hierarchy built on violence and permission for a better one built on the sound foundation of free competition and accessibility. :)
1 reply 0 retweets 8 likes
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