Yes you would be correct but since theirs a finite amount it means velocity goes up which means it takes less BTC to generate GDP. So 1 BTC can be traded hands 10 times a year instead of one! It’s not about the unit of account but how many times it moves and generates more productivity

I just feel eveyeones will eventually get to a point where they have enough BTC or the annual return is so small like sub 10% that you like Fuckit I need a holiday or whatever

If everything is priced in BTC it’s not like you can’t work and earn more BTC! I know it’s a weird concept because we so locked into fiat and it’s the opposite it took me a while to think about it too

But I think that human time preference Trumps any store of value! If you want a Tesla today and you can afford it why wait? We all going to die someday

And what good is money never spent? This savings glut I think is a fallacy

Posted Using LeoFinance ^Beta