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I think we will lose consumerism in general.
The "benefit" that fiat brought was cheap + easy money financed hyper-consumerist products: Stores full of throw away products. Why bother fixing that old blender? Throw it away and buy another at Walmart....its only $25....
Bitcoin will change that rather significantly. Since money will no longer be cheap + easy, things will become more expensive (but higher quality), thus you will be more apt to repair that blender rather than just throw it out.
10 sats \ 0 replies \ @OT OP 19 Jun
Good point, though that sounds like a positive thing right? Bitcoin fixes consumerism
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