If you are saving for retirement or for your children's education and trust cash or gold or Bitcoin more than junk bonds or negative-real-interest sovereign bonds, that is "hoarding" because you are not giving central bankers and their Wall St. and government friends their cut.https://twitter.com/StopAndDecrypt/status/1158798449141112832 …
Saving as "hoarding" was the kind of language that was used during the 20th century to justify confiscation of gold and devaluation of cash. Use of such language is a major clue that some self-righteous and/or greedy people have their wandering eyes on your hard-earned "hoard."
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Is there a distinction between hard-earned, inherited or serendipitously attained money? Should great pioneers make less hard-earned money than Wall St. gamblers? They might not contribute to the bottom line, but they invaluably expand human knowledge. https://en.m.wikipedia.org/wiki/E._O._Wilson …
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My main point is that I think many scientific professions and research provide value, but are not driven by profit. How do we ensure unprofitable scientists are adequately compensated?
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If I start paying my employees now at x Bitcoin per hour, in the future when Bitcoin is worth so much more, and the products are worth so much less Bitcoin, do I have to negotiate lower wages? To me, it all seems about sliding the decimal point around, left or right.
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You can pay in Bitcoin and use the local currency or USD as the unit of account that defines wages levels in your contracts.
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I agree. Do you thinks it's possible that hard capped supply of BTC also becomes unit of account way off in the future? If so, I'd think there would be pressure to scrutinize and negotiate wages lower periodically. Might not be bad, just a different way of planning/saving.
End of conversation
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