Lyn Alden
· 133w
I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
Im a hard money proponent. But I often think of the advances humans have made due to money printing. Some advancements don't have an economical aspect to it and only governments will fund. Blue sky medical, space research, building large hadron colliders etc.
What will advancement look like on bitcoin is not clear to me but I don't think saving is necessarily good for advancing technologically.
I agree with your point on bitcoins time. We have already run the money printing experiemnent many times. Bitcoin is a well worth experiment to run.
If the only outcome of a bitcojn standard was that wars couldn't happen (ie printing = funding wars) I'd say that was a worthwhile outcome.