Oddbean new post about login | logout We are back to good old fashioned saving where even “the poor” will get ahead down the road because their savings can’t be debased. Working hard and setting anything aside will be rewarded later in life. This alone is something to be happy about.
Yes and most governments/large corporations will waste their bitcoin quite quickly.
It’ll be wasted on green energy, electric infrastructure, or some other useless undertaking that will return capital to the rest of society because they won’t be able to borrow their way out. Very few organizations actually have any clue how to allocate capital correctly.