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the way that credit cards work is that they charge merchants fees so that the prices of everything in the store rises to offset the fees. credit card users get rewards. end result is that cash users subsidize credit card users. you can't opt OUT of the "System" without a price
a deflationary asset is something that gains in value over time. it's "bad" because it incentivizes savings and non-use. energy that could've gone into the economy deflationary assets like bitcoin/gold are a way of saying "No" to the system.
the more powerful the midas effect, the more money should be sent into the market. there's no point in hoarding gold if you can just turn everything INTO gold. A: https://twitter.com/a_yawning_cat/status/1344882109282828291 … B:https://twitter.com/a_yawning_cat/status/1324970409821757441 …
the opposite of the Midas Effect is the Naked Emperor effect. Golden threads are still being produced, except they're "IMAGINARY" golden threads. Naked Emperor + No way to "Exit" => Blind Loyalty => Cacophony of "Voice".
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