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0 sats \ 2 replies \ @standard_sats 6h \ parent \ on: Bitcoin: "A system built for wealth extraction and concentration" bitcoin
Purchasing power is meant to be here.
Still. You don't lose purchasing power when paying with bitcoin, you exercise it. Same goes if you sell your stock portfolio to buy a house, or what not. Saving for the sake of saving makes no sense. We save to defer spending.
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You mean basically that purchasing power increased. Generally I agree that people exercise it during transaction settlement.
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