2664 sats \ 5 replies \ @Natalia 15 Sep 2023 \ on: Why hyperinflation may not speed up hyperbitcoinisation bitcoin
Yes, hyperinflation actually encourages people to spend more money because " tomorrow will always be more expensive". eg, many young people in Turkey even would open more credit cards to spend the money now and then pay it back later.
And this is a really unhealthy mindset.
write
preview
30 sats \ 4 replies \ @DarthCoin 15 Sep 2023
Happy spending today = debt of tomorrow = slavery of your children in the future
reply
121 sats \ 2 replies \ @Natalia 15 Sep 2023
correct, thanks to all the social media and tailor-made ads from big data 🥴
more buying - more debt - more working hours so to buy more..
reply
0 sats \ 1 reply \ @nemo 15 Sep 2023
deleted by author
reply
1 sat \ 0 replies \ @Natalia 15 Sep 2023
haha, I don't really pay attention to saylor 🫣
reply
20 sats \ 0 replies \ @chairman_pretense 16 Sep 2023
In a hyper inflationary environment it makes sense to take out tons of credit though, as the value of the debt shrinks very quickly.
If you use that credit to buy real assets then your children will have freedom in the future.
reply