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RE: When Will You Join the Cryptocurrency Future?
I've argued that Inflation (mild, not-crazy) is what you want to see. What Inflation would mean is that 'old work is less useful than new work.'
What deflation means is that 'old work is more useful than new work.' It rewards the old, and punishes the new. Deflation punishes debtors, and rewards lenders. The 'haves' get more, the have-nots earn less, and find their debt harder to pay off.
Example: I borrow 1000 'credits'. I'm earning 10 credits an hour. Over time, the currency deflates. My boss says, "Hey, I'm only gonna pay you 5 credits an hour now, your purchasing power will remain the same." It's now harder for me to pay down my debt. Meanwhile, the guy I borrowed from, the amount I owe him (in terms of purchasing power) has now doubled.
I think you're talking about a paradigm where "work" still has meaning, and I'm thinking about a future of automation and AI where most human beings will be unable to compete to provide value. I also think debt can be a form of slavery, and it keeps the poor in poverty. If people want to become rich, they have to do things rich people do which includes saving, investing, and not borrowing at high interest rates.
You added the "My boss says..." part which, to me, changes the entire equation significantly. I don't think people realize just how messed up the whole system is because we've been living with a manipulated currency since the 1971 Nixon shock. With more purchasing power, why couldn't workers (however many may still fit that category after automation and AI) instead say, "No thank you, I'm not going to take that job at that rate because a blockchain UBI takes care of my needs and my savings (small though they may be) will sustain me and grow in value. If you want me to work for you, you'll have to compete by offering me higher wages."
Financially, both for society and individuals, do you think incentivizing borrowing is better then incentivizing savings and investment?