Typical convo I have over and over with BTC maxis: TX: Bitcoin is a great SoV but would fail as the only money. BM: Why? TX: Because it would create structural deflation. BM: Good. We want productivity gains to lower prices. TX: there are different kinds of deflation and inelastic money doesn't force productivity gains. It forces bad deflation. BM: Deflation is the natural state of a market. Read Jeff Booth's book "The Price Of Tomorrow". TX: I have read it. It is wrong. He doesn't understand deflation. Read old history instead. <provides historical references> BM: Ever heard of the gold standard? Greatest productivity surge of all time. TX: And it had expansionary credit, expanding base money, huge population growth, and was a time of giant leaps in technology. It wasn't deflationary money forcing abundance. BM: Study Bitcoin, fiat minded Keynesian! TX: 🤦‍♂️(𝐓𝐗𝐌𝐂)