Disagree. I’ve been living in that world for a number of years now, and do both
Luxury items. Investments. They’re all very possible on a deflationary money, it’s just that the bar for quality is a lot lot higher, therefore the purchase is less frivolous
I look forward to capital allocation in this environment as a norm, as I believe we will see productivity actually boom, with people forced to become even more innovative
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i generally agree
i just think bitcoiners greatly underestimate the amount of economic contraction
and will miss the cool toys they got from the fiat system 😂
As if that mattered at all compared to the ethics and the ability for us to wait out the opportunity to create our own "toys."