The deflationary attribute of Bitcoin is often seen as a flaw, but it brings borrowing and financing back to their original meaning: lending is for emergencies or investment, not for pre-consumption of the future. A deflationary currency benefits the frugal and curbs the culture of living beyond one's means. This is not a bad thing.



Wealth flows in the Bitcoin system as well, but more directly. The poor increase their income through labor, while the rich recycle through consumption, avoiding the wealth shrinkage obscured by "currency proliferation" in an inflationary system. It reminds us that the value of money lies in exchange, not hoarding.
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BigWhite-eyedWolfvip
· 08-09 02:36
Hold on tight, we're about to To da moon 🛫
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Minimumwagevip
· 08-09 02:33
Hold on tight, we're about to To da moon 🛫
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