Damus
Robbert Sikken · 80w
Question. I follow your reasoning. This means that the effect of living in a deflationary world for many people will be that it is harder to buy a house. Maybe some will not be able to put enough mo...
Turtlesallthewaydown⚡️ profile picture
The purchasing power of your money, on a Bitcoin standard, should forever go up as the price of everything you want to purchase comes down. So as your stash of Satoshis increase as you save across time, the number of Satoshis needed to buy a house will decrease over time. If we were to plot on a graph, the increasing line indicting your savings will cross the decreasing line showing the price of a house. So as long as you save to buy your house outright vs attempting to buy your house with debt, a home will forever continue to become closer to within reach across time.
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Robbert Sikken · 80w
I’m thinking of people who live from paycheck to paycheck. If I am understanding correctly, also for them daily living will gradually become cheaper, as wages decrease slower then prices. Purchasing power goes up. So, even if they have no opportunity to save today, they might be able next year....