The issue with the fiat system is they type of work it creates. It becomes financial iced and sedentary. A sound money system reduces the number things people are willing to purchase and increases the demand for quality goods. Producing quality goods require time and energy, which is an inherently active process. People do real physical work and are in better shape because of it.
jimmysong's avatar jimmysong
Thoughtful and worth reading. I'll disagree with one thing, though. The apathy that most people have about their health, sovereignty, attention, security and so on are all bought with fiat money, and once that goes away, I don't think the economics work nearly as well as they do today. Not everybody will take the orange or purple pill, of course, but enough will when the subsidization gets lower. View quoted note →
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Sorry for the typos. I can tell you from my own experience that spending my bitcoin is a lot harder psychologically than spending dollars. Knowing that a thing I probably don't need will cost significantly less in future bitcoin terms makes me think twice about the purchase. mmm.mm