Most succinct explanation of this I've ever seen ๐๐ฝ
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Bitcoin changes incentives and time preference.
Fiat inflation drives the consumption that chains us.
Perhaps we don't have to be focused on being one of the largest consumers. ๐คท
This is how all property works, the more scarce, the more long term holders benefit over newcomers.
In fact this is also how all currencies work.
The longer I'm holding a currency & recieving a return the more currency I'm going to have compared to newcomers.
The beauty of Bitcoin is my currency probably won't make me a return of more currency just because I'm holding it - rather I will have to continue to trade goods & services for more coins.
How much nonsense can you fit in one note?