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It seems crazy to expect low-quality ingredients, like seed oils, to disappear on a bitcoin standard. However, they entered the food supply as a cheap replacement for higher quality oils.
We all know about the extensive margin of shrinkflation (products getting smaller), but there is an intensive margin as well (products become lower quality). That means in a non-inflationary environment, higher quality goods really might become more competitive on the market.
Bitcoiners pretty much understand how the trends in money will shift, but it’s very interesting thinking about seemingly unrelated effects like these
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The downstream consequences of fiat are innumerable and fascinating. It's my favorite thing to discuss in Bitcoin spaces.
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