🤣
Saving is always an equation of production versus consumption. If you consume more than you produce, consistently, you will not be able to save. Bitcoin does not change this reality.
Saving in fiat adds another element to the equation though - other people can consume the value of your money without you even spending it. This makes saving over long periods impractical and inefficient. The incentive becomes to spend or get into debt, which creates a positive feedback loop where interest payments make saving even MORE difficult.
Bitcoin fixes that problem and allows long term saving to be possible again. You still need to produce more than you consume, but it
1. Makes it easier to save every year
2. Reliably stores value deep into the future
Oddbean new post about login | logout 
