Let me see…
Why would you eat at a restaurant if cooking at home is cheaper?
Why would you buy underwear instead of using that money to buy certificate deposits?
Why would you travel to beautiful places if you could just stay locked at home and put that money in the SP500 instead?
It’s the same logic.
Purchases are not “mathematical decisions”. Value is subjective. I put way more value into going to a Judas Priest concert right now than keeping those sats for the future. I simply spend and replace.
Under a Bitcoin standard, people would be more likely to save money. They would spend money only on things they consider really valuable. But they would still spend money.
Because of the above, businesses will be forced to produce high quality products.
It’s that simple.
submitted by /u/HumbleBitcoinPleb