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40 sats \ 0 replies \ @freetx 1h
Is this new $1200 smartphone really worth it? Or would I rather keep that $1200 in Bitcoin, an asset with the potential to appreciate significantly over 5, 10, or 20 years?
I've often said that the most profound changes hyperbitcoinization will bring will be social, more than just economics.
Consumerist culture will be killed off in such a world. People will willingly live more austere lives, since the promise it offers is permanent 'retirement'.
If actual hyperbitcoinization becomes a thing (at the global level), there will no doubt be new business models to try to adapt to these new attitudes.
Lets suppose the smartphone seller has a 35% net profit as part of the sale. In 5 years, that 35% profit may turn into a 300% profit by holding in bitcoin. The hard part for the smartphone seller will be to get you to part with your bitcoin in the first place.
Thus, maybe totally new sales models are born: "Buy a smartphone today and trade in for new version in 5 years" - essentially some sort of way to indirectly share the upside back with the consumer. To lessen the friction in the consumers mind which keeps him performing the same calculation in his head: "Why spend $1200 now when that may be $12,000 in 10 years, etc"
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