pull down to refresh
51 sats \ 0 replies \ @tomlaies 1 Sep 2023 \ on: What's "undervalued" right now that a Bitcoin standard will revitalize? bitcoin
Consumer items that are high quality and last long will be much more valued when money has a long term value.
I mean this both "culturally" and literally people will buy less and higher quality because they aren't incentivized to get rid of their depreciating money asap.
I could give many examples but just a few things to give you an idea what I have in mind: buying a cast iron pan for 80 years instead of teflon every 5 years. Buying 100% linen or 100% cotton shirts instead of throwing away the polyester fashion every 2 years. Getting the floor out of wood/tiles instead of laminate floating tiles. Stuff like this in all corners of life