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@ Silberengel
2025-05-21 09:11:46
Nostr, AI, recession, mechanisation, cheaper cloud computing, and demographic decline will have a massive deflationary effect on advanced economies, in the medium term. There will be more and more goods and services chasing fewer and older people, destroying margins and driving down prices and causing interest rates _to fall_.
But many Bitcoiners aren't ready for that because their narrative is all about NgU, instead of also viewing Bitcoin as the best currency and sound measure. That's why some of them are freaking out and demanding a change in denomination, to create a faux, temporary wealth-effect. Turn every satoshi millionaire into a Bitcoin millionaire, with some rebranding.
And others encourage the US government to trash their fiat currency, to get the $ Bitcoin price to suddenly rise. But our purchasing power doesn't rise, merely because the NgU.