"But on a bitcoin standard, products would eventually become either: incredibly cheap, to where anybody can afford anything. [...] every manufacturer has incentive to build better for cheaper as everyone is fighting for the same sats."
Actually, this is true of capitalism in general. And it's exactly what we want! That's the beauty of capitalism: **it raises living standards for *everybody* even if they didn't do anything.** Imagine in the ancient days of Egyptian kings how an automatically air-cooled room would have been seen as amazing luxury. Nowadays air conditioners are not so impressive. Imagine what something like a tiny little *freaking computer* that fit in a pocket but could make calls and do thousands of other amazing things wold seem like! Surely only the rich could afford something like a mobile phone. Today even poor people have them. Phones may one day be cheap enough to be given away for free as a 'toy' in cereal boxes. **Ironically, it's *capitalism* that makes everybody more economically equal in terms of quality of life. Taking capitalism to its extreme end-game, one day being rich wouldn't mean anything, because everything would be easily affordable for anyone!** Until that day comes, though, capitalism appropriately, and yes disproportionately, rewards those working effectively to get us there (like the creators of Reddit, Amazon, Coinbase etc., etc.) because they did the hard work and took the risk.