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10 sats \ 1 reply \ @stack_harder OP 20 Sep \ parent \ on: wage discrepancy in different countries - does bitcoin fix this? bitcoin
if we presume that a bitcoin standard is deflationary in nature (things getting cheaper in btc is a common theme), then over time , would Cali not become cheaper overall in bitcoin terms, especially as things like real estate stop being used as investments?
Ehhh I’m not sure it would work though because of the regulatory Enviroment in Cali for something like electricity. So much has to be clean and procured in X,Y,Z way that I think that would continue to inflate the costs. Not to mention all the government programs.
If the two were starting out at the same time on the same level I think it could work but not in the current landscape.
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