Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin. Ignore scalability issues for this scenario.
I'm sure most of you know that most money is actually created by banks through fractional reserve lending. Our economy is stimulated by people constantly taking out loans to make purchases. But with bitcoin you can't loan money that doesn't exist. Maybe we would have to change our consumerism as a society and prices would drop. Being able to borrow money easily makes everything rise in price. What are your thoughts?
my opinion is that bitcoin and flat money are in different positions, where flat money is in a position where we make payments in the real world, and btc is used for payments in cyberspace which in my opinion will be very balanced for the continuity of both. because it will be very difficult if you really don't use flat money in real life. for example, what if something happens that requires us to pay right away, but when there is no network, for example during a disaster, it will be very difficult, so in my opinion it is better for BTC and flat money to have their own place