pull down to refresh
77 sats \ 3 replies \ @joda 1 Mar \ parent \ on: Convince me I am wrong about these bitcoin themes meta
Ah yes my brain is still wired for fiat!
Another idea is that if you are a producer (say a craftsman or artist), then you want to get paid sooner than later (because your good or service will decline in price), so your incentive is to either get paid before you produce, or to cut corners and produce as quickly and cheaply as possible.
Quality production would have to demand a premium not just for the quality, but for the loss of purchasing power from not having the money. (Probably compounded by the need to purchases higher priced materials as inputs).
you want to get paid sooner than later
With an appreciating money, you would want to get paid later, but at a price agreed upon earlier. It's the inverse of our fiat situation.
reply
If I am a craftsman, the price I can charge for a widget now is more than the price I can charge in the future (assuming Bitcoin standard).
I'm not sure why you'd ever want to be paid later, if the price is set. Isn't having the money now better than having the same amount of money in the future? Opportunity cost/time value of money, PLUS "not your UTXO not your Bitcoin"
reply
Yep. You're right.
I was thinking that the same amount of money will be worth more later, but since there are no significant storage costs, you would absolutely rather have it now and just save it for later yourself.
reply