@CarlBMenger This is true and it would be a blessing for the world if the US dabbled into alt coins before realising it’s Bitcoin only.
The US going straight into Bitcoin only would mean other nations stand no chance
Why Bitcoin is the Answer
Bitcoin, as sound money with a fixed supply, resists inflation and preserves purchasing power.
It enables individuals and institutions to save effectively, making retirement planning feasible and predictable.
Bitcoin also fosters long-term thinking. With a low time preference, people save more and prioritize their health, ensuring they can enjoy future benefits.
At a societal level, increased savings drive investments in productivity-enhancing technologies and industries, creating a virtuous cycle of innovation and growth.
Bitcoin’s hard monetary principles reduce government overreach by preventing inflationary funding of inefficient projects. This enables markets to allocate resources, including healthcare funding, more effectively.
By replacing unsound money’s vicious cycles with virtuous cycles of savings and investment, Bitcoin offers a sustainable path forward. It encourages long-term thinking, healthier populations, and the innovation needed to address demographic challenges.
With Bitcoin, societies can replace the vicious cycles of unsound money with virtuous cycles of savings and investment.
This leads to healthier, happier populations.
Unlike fiat money, Bitcoin’s hard monetary principles push back government overreach.
By preventing money printing, Bitcoin ensures resources are allocated where they add the most value.
The Investment Problem: Unsound Money and Productivity
Unsound money discourages savings by steadily eroding stored wealth, creating a high time-preference society focused on immediate consumption.
However, long-term investments are essential for productivity and innovation—essential in mitigating the challenges of shrinking workforces.
Without adequate savings, investments stagnate and productivity and innovation fall flat.
Unsound money also encourages short-term productivity fixes, like mass immigration, which often destabilize societies over time.
By undermining investments, unsound money weakens societies’ ability to adapt to demographic pressures, threatening long-term economic stability.
Bitcoin doesn’t just help individuals—it strengthens economies.
Increased savings drive investments in productivity and innovation, creating a virtuous cycle of growth and innovation.
By fostering a low time-preference culture, Bitcoin encourages long-term thinking.
People save more and prioritise their health, ensuring they can enjoy the future.
Bitcoin offers a way out of demographic challenges.
As sound money with a fixed supply, Bitcoin resists inflation and preserves purchasing power, enabling individuals and institutions to save effectively for the future.
Healthcare Costs and Unsound Money
Aging populations increase healthcare demand.
Unsound money worsens this by forcing unhealthy food systems on the public, as beautifully explained by @Matthewlysiak in his book Fiat Food.
The inefficiencies and resource misallocations, caused by unrestricted money printing, erode the quality of healthcare by diverting resources to governments low-value pet projects.
Inflation also drives up the costs of medical supplies, wages, and services, compounding the burden. As with pensions, governments inflate their way out of rising costs, perpetuating a destructive cycle.
Ultimately, this leaves healthcare systems unable to meet population needs. Resources are wasted, access declines, and quality erodes.
Investments come from savings and are essential for productivity and innovation.
Without them, economies stagnate—especially as shrinking workforces struggle to sustain retirees.
Inflation raises the cost of medical supplies, wages, and services.
Governments print even more money to cover these costs, but the vicious money printing cycle only further erodes the quality of healthcare.