do you run a Bitcoin business?
if not, maybe take a clue from someone who does.
the note says they expect to LOSE money because of Bitcoins deflationary nature.
your word salad is just armchair fantasy.
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What I said is a logical argument that stems from free-market dynamics. You are just quoting some dude that has a lot of money to spend on shitty projects.
"producers will become more efficient" isnt a "logical argument that stems from free market dynamics"
you make it sounds like a graduate thesis.
the fact is
increases in efficiency will have to AT LEAST beat the rate of deflation.
and as our example illustrates
it isnt easy to do.
Bitcoin is a deflationary SoV, why spend if you just end up with less purchasing power?
inb4 "muh theoretical increases in efficiency"