Have you guys ever thought about this?
In a Hyperbitcoinized the need for credit might become highly diminished or perhaps even obsolete. Redistribution—whether through a State-issued UBI or through equity investments from some kind of global private fund (like a tokenized S&P500 of every company in the world)—could take place in extremely small, frictionless units. Technically, it becomes completely feasible to live in a fully Bitcoinized economy precisely because Bitcoin is divisible down to infinitesimal scales.
Imagine for example an extremely small investment (microsats) in exchange for ownership shares of something, a project, company, etc, driven by some sort of AI system (to make it decision cheap and thus globally scalable). Why not? If it fails, it's irrelevant, if it wins, it's pretty cool, you make some money and contribute to something cool that you like, redistributing wealth and ownership by many millions of people.
It really changes one's perspective. In such a world you can actually get funded efficiently, and thus the idea of everybody hoarding simply doesn't become true. It'll definitely circulates, because why not, it's basically free for you (or someone) to do so.
In other words, a hyperbitcoinized world could realistically lead to the abolition of credit and thus it can realistically be possible. It is basically inflation turned upside down—a form of infinite deflation. Every decade, you could simply add a few more decimal places to Bitcoin’s divisibility. Something along those lines.
It's mind bogging to think about the Hyperbitcoinized world.
#bitcoin #economics #thoughts