Could you really live on a Bitcoin Standard?
PLEASURE
Most of us have gotten used to live in a FIAT world. Living in a FIAT world doesn't simply mean living with constantly rising prices, it has completely changed our habits and the way we see things. Inflation forces us to constantly spend, because tommorow our money is gonna be worth less than it is today, and it's something that most of us do unknowingly, without even thinking on why we do it. Everyday we buy more and more useless things to satisfy short term pleasures. We are unaware slaves of an enemy we don't even know exists, we could identify countless problems in our world, but we don't know that by fixing our current monetary system we would have solved most of them. Right now we prefer short term pleasure to sacrificing for a better tommorow, we are focused on the short term, unaware of the damages we are doing to our futures. But we can't sail blindly forever, without worrying about what we will leave to the future generations, sooner or later all of this has to come to an end, it is up to us to decide if it's gonna be abrupt or mild.
SACRIFICE
It's all a psychological factor, based on which monetary system we are in, our habits change. Usually we notice big changes, but when it comes to money, our education and historical knowledge are practically non existent. On the other hand who's knowledgeable on the topic has no reason to complain, cause they know how to use it to their advantage. But we haven't been on a FIAT Standard for a long time, in fact, the US abandoned the Gold Standard only in the 70s and Europe between the first and the second world war.
So let's suppose we go back to a Gold Standard. The scarcity of gold cause prices to diminish slowly and steadily, the more time passes the more things we can afford. Our way of thinking changes completely, we know that in the future we will be able to afford more, so we only buy things necessary to our survival. Savers are rewarded, pleasure seekers are punished and those who want to invest must be more cautious. In fact, he who wants to invest in something must be sure of what he's doing, otherwise he risks losing everything. Innovation is slower but constant on a Gold Standard. And I remind you that all the big innovations that we still use to this day, all derive from the period before 1914, cars, planes, phones, electricity... Many of the things that today we call innovations, usually, are just derivatives of the technologies invented in that era.
It's clear that this model is much better for the prosperity of mankind, but would we be able to leave behind all the addicitons and many of those useless but pleasant comforts that we have become accustomed to?
BITCOIN
The Gold Standard was abandoned for many reasons, mostly bad ones, but some were logical, like the difficulty to move it around and its divisibility issue. Bitcoin solves all of this, and many other things. It's scarcer and it can't be controlled by anyone. This and many other factors make it the best candidate to replace our current system, even though it is not yet ready (scalability issues). Digitalization is inevitable, it is up to us to decide if we want to be in control of our future with Bitcoin or be slaves of our ownselves (and also of governments and central banks) with CBDCs.
