Deflation would actually make capitalism somewhat ok. It would stop people from buying useless shit and automatically reward the poor who can save a little but don’t know how to invest. That’s why I Bitcoin
Bitcoin doesn’t make it OK to get paid just for owning something, it’s just less capitalist than dollars. Miner profits tend towards zero with difficulty adjustment, and Bitcoin doesn’t pay to stake holders at all.
Deflation would actually make capitalism somewhat ok. It would stop people from buying useless shit and automatically reward the poor who can save a little but don’t know how to invest. That’s why I Bitcoin
Bitcoin doesn’t make it OK to get paid just for owning something, it’s just less capitalist than dollars. Miner profits tend towards zero with difficulty adjustment, and Bitcoin doesn’t pay to stake holders at all.
How is this not ok to reward those who don’t spend? If we are going to stop climate change we need to stop consuming shit as much as possible