Damus
Nika · 154w
Ok... hanging around here with all the Bitcoiners, I get why we would want our money to hold its value. It represents the work you put into the economy. The value you have produced, right? But what i...
Jeff Swann profile picture
The things we create today enable many more people to create things tomorrow. Building things without consuming anything for yourself leaves real valuable goods available to productive uses that serve others. As the total amount of wealth grows in relation to the total supply of money, the share of what you have earned (without spending it) buys you more. A fixed money supply helps to discourage mindless consunption & encourage extremely efficient use of all available resources. There is a reward of greater purchasing power for all who live frugally.
1❤️2🤙2🍆1
Nika · 154w
Holy shit! This blew my mind and makes so much sense! It's not just my work that's valuable to others, but the fact that savings doesn't consume resources unnecessarily is also a benefit to other people, so anyone who saves should be rewarded by their money being able to buy more later, rather than ...
lex · 154w
I hope we live to see this play out. I feel a strange nostalgia for this, even though I’ve never experienced it.