Right, Imagine IF this money could be earned without permission, was immune to physical theft, and grew, rather than shrank, over time...
What might we be able to build, protect, and transmit to our descendants with a form of money that has ALL of these traits..?
What might the creators of wealth create for us all when they're able to keep what they've earned..?
What if brains could finally defeat brawn and those with merit were rewarded properly for it?
How different a world might our children inherit now that they have these advantages..?
Replies (2)
I imagine that if it only grew over time people wouldn’t be willing to use it as money but as a store of value.
The 'time value of money', becoming more valuable in the future than the present, will make spenders more frugal forcing businesses to provide more valuable products and higher quality services. Imagine how much better the marketplace will be when planned obsolescence isn't rewarded because people won't part with their sats as easily.
Every expenditure, no matter the form factor of the exchange, has an opportunity cost in sats forgone. Imagine how much business efficiency will improve when charge back risk, bankers' hours, and %-based fees are removed from the equation.
