This is how the existing FIAT system promotes hyper consumption. You're better off spending the money on something than stowing it away. Hence the incessant expansion and growth..https://twitter.com/NickSzabo4/status/1165276444630507520 …
It doesn't lead to greater long-term growth, it leads to more short-term waste and probably substantially less long-term growth.
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Good point. The high time preference quarterly results race.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Excessively amplified Booms and Bust cycles have been assumed to be normal in this era of melting SoV in Fiat and no one even complains that it's non-sensical to experience them so frequently!
#Bitcoin fixes this!Thanks. Twitter will use this to make your timeline better. UndoUndo
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