‼️This is how Bitcoin-backed loans will take over the financial system by reducing the "risk and volatility" for pension plans. WATCH👇
https://m.primal.net/MeSC.mov
Hi, new to Nostr and still need a lot to learn.
Started using Primal a week ago and changed my lightning address in my profile.
However when I switch to the wallet tab the original lightning address is still displayed.
I added three screenshots that show the different places of the different lightning addresses in my Primal app.
I hope anyone can help me to clear this up
https://m.primal.net/MdQB.pnghttps://m.primal.net/MdQD.pnghttps://m.primal.net/MdQH.png
Question. I follow your reasoning. This means that the effect of living in a deflationary world for many people will be that it is harder to buy a house.
Maybe some will not be able to put enough money aside to ever own a house or other luxury assets, while living on a minimum wage!for example.
Does a deflationary world have a solution for this?
I’m thinking of people who live from paycheck to paycheck.
If I am understanding correctly, also for them daily living will gradually become cheaper, as wages decrease slower then prices. Purchasing power goes up.
So, even if they have no opportunity to save today, they might be able next year. And gradually the available amount to save will increase, next to the purchasing power of what is already saved.
It sounds like a hopeful future for everyone. Is it realistic to think this will ever happen?
If I listen to Michael Saylor for example, he seems to approach Bitcoin only from the fiat perspective. As of like Bitcoin will always be part of an inflationary world.
Maybe this was not the initial utopian idea behind Bitcoin, but as of things are developing right now (with Microstrategy, the Blackrock’s and government stashing BTC’s), this seems to be a more realistic scenario than a deflationary future.
I’d love to hear your thoughts about this.
Thnx
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