0 sats \ 0 replies \ @kepford 1 Sep 2023 \ parent \ on: What's "undervalued" right now that a Bitcoin standard will revitalize? bitcoin
We all know short-term thinking is usually inferior to long-term thinking. We know we live under the influence of a money that discourages long-term thinking. A deflating currency encourages spending over saving. Short-term thinking. If this influence is removed. If this overarching force is eliminated I believe we will see many changes in our everyday lives. I believe they will be good on the whole.
Even though we know fiat is a melting ice cube we still use it as a ruler to gauge value (unit of account). Even a shift away from this would be revolutionary. This change will remove a major tool that rulers have over their subjects(citizens).
I can attest to the affect bitcoin has had on my thinking about money, spending, saving, and short-term vs long-term planning. The society wide impact will be massive.