Hello Nostr frens I want to have a discussion with y’all. I was having a conversation with my fiat minded roommate and he’s main resistance to the orange pill is because he doesn’t believe that there will be an incentive to produce in a purely Bitcoin standard. To continue he thinks that because a hard money is deflationary by nature that people will be incentivized to only save their Bitcoin and not spend it.
I countered that with the notion that in a Bitcoin only economy the incentive is to produce the product on the most optimal and sustainable way possible. I hate using natural analogs but if moneys value is conserved over time then the value of production will also be conserved.
Love to hear y’all’s thought! 😊🫡🧡