60 sats \ 1 reply \ @SpaceHodler 29 Feb freebie \ on: Convince me I am wrong about these bitcoin themes meta
Sure. If the purchasing power didn't matter and it was all about the tech, there would no point in stacking sats continually as there would be no difference between owning 1 BTC and owning 100k sats; you could use the tech all the same.
I see a lot of people becoming hung up on the SoV vs currency dichotomy. It's a false dichotomy, coming from the fiat world, where it's either one or the other.
Bitcoin is a new beast and only time will tell what it evolves into.
If everyone does nothing, bitcoin's purchasing power won't grow. It can only grow when the same supply chases an increasing amount of goods, i.e. when there is economic growth.
Holding BTC will allow you to share in the global economic growth, but there will always be people wanting to work, to outperform those doing nothing.
Check out this X space, Enterprise Bitcoin: The Financial Economy on a Bitcoin Standard
They discuss what the economy may look like on a Bitcoin standard and they talk about this particular issue, among others, incl. lending.
Thank you for the link!
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