<oembed><type>rich</type><version>1.0</version><title>Hanshan wrote</title><author_name>Hanshan (npub1lx…6svxa)</author_name><author_url>https://nostr.now/npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxa</author_url><provider_name>njump</provider_name><provider_url>https://nostr.now</provider_url><html>There are a number of reasons but the obvious one is that deflationary conditions disincentivize economic investment.&#xA;Why should anybody start a business or invest in one when their money gains value just by sitting there?&#xA;Particularly trying to create an environment which is *as disinflationary as possible*&#xA;&#xA;Which is something bitcoin maxis get really excited about (because it makes them richer)&#xA;You see that behavior already, there&#39;s a lot of inertia to creating a Bitcoin circular economy because most people prefer hodling to spending.&#xA;&#34;muh generational wealth&#34;</html></oembed>