In the long run, if we're on a Bitcoin standard, I would anticipate price stability. Thus holding Bitcoin without working would be like staying still... you can't survive on staying still, you still have to work.
I remember reading somewhere that prices were so stable during the middle ages that people thought of prices as inherent characteristics of goods... it's only in modern times that prices keep going up because of endless money printing
Nah, this is a misunderstanding between gold (really, commodity money) and bitcoin. They have different macro effects (#749912), so we won't have stable prices -- neither non-volatile nor long-run regression-to-the-mean price level
Good answer.
In the long run, if we're on a Bitcoin standard, I would anticipate price stability. Thus holding Bitcoin without working would be like staying still... you can't survive on staying still, you still have to work.
I remember reading somewhere that prices were so stable during the middle ages that people thought of prices as inherent characteristics of goods... it's only in modern times that prices keep going up because of endless money printing