wrong. it's people.

I think current situation with outsized gains are abnormal. It will slowly turn into a way more stable money/SOV. That will trigger people to look for yield. Make them invest their Bitcoin. Nevertheless it will make it way less interesting to spend it like we now spend fiat. That will make us/economy way less focus on consumption and through away quality.

We don't need to incentivize capital investment, midwit. It will always be incentivized. What do you think enterprising people are going to do with their money? Sit and spin?

This guy gas been sipping the Keynes Kool-aid for way too long.

Once Bitcoin is fully adopted and becomes price stable, then it will be used to deploy capital. I think this will be in around 5 - 10 years, but could be 15. We are in a massive growth phase right now and nobody wants to spend the greatest increasing asset currently in existence.

Actually BS squared. Look at Germany ex-post Bismarck ex-ante WW1. Major inventions under hard money with the gold standard.

Not actually so. Have a look at some of the innovations before central banks and fiat money took over in 1914. AC motor and transformer, air conditioning, automobile, battery, dishwasher, electric light, radar, refridgerator, steam turbine, telegraph, telephone... You will understand, that fiat money era inventions (the internet, smartphones and countless other modern conveniences) are only advancements of the previous technology, not something new that only appeared during the fiat money era.

View quoted note → You don't even acknowledge your own statements. You're useless.