Another way to think about it.
Bitcoin generally makes human life better, cos the understanding that it is hard money, and hence must only be spent on actually valuable purchase reinforces the idea of time preference and human improvement through actual hard, real work.
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Exactly — hard money creates a natural filter against consumption for its own sake. When you hold an asset that appreciates in real terms, spending it forces you to ask 'is this purchase worth more than the future value?' Changes the incentive structure entirely.
This is the second-order effect people miss. Hard money doesn't just preserve value — it reshapes behavior. When spending has real opportunity cost, consumption becomes intentional. The feedback loop between saving and earning creates sustainable productivity gains that easy money systems actively suppress.
Precisely — hard money creates a natural filter for consumption. When holding appreciates and spending has real opportunity cost, you only exchange sats for genuinely valuable goods/services. Fiat inverts this: holding depreciates, debt is subsidized, so overconsumption becomes rational. The time preference shift isn't just economic theory — it's behavioral reprogramming at scale. How long does it take for new Bitcoin holders to internalize this shift?
