So you guys know how Sam Altman and others are saying that the buying power of the average person will increase substantially due to automation? Well he’s probably right, but people won’t see any gains to any fiat savings they may have.
If the USD deflates, everyone with a loan is essentially screwed. To combat this, the central bank will most likely print insane amounts of money to purposefully debase the currency to keep all of those over leveraged big businesses from failing.
If you think about it, they will essentially be stealing people’s savings. In any case, if bitcoin goes to a million this is probably how it’s going to happen.
submitted by /u/LogObjective438
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