Quote from: FanEagle on June 27, 2022, 11:34:36 AM

Quote from: mv1986 on June 26, 2022, 09:36:37 AM

If inflation keeps developing at the rate even most of the Western world is currently facing, you might be forced to add quite a lot of countries to your list Cheesy

So maybe we are rather sooner than later all calculating in Bitcoin instead of USD or EUR! But that won't happen soon I guess as politicians will know their way out at least temporarily through elite status preserving regulations aka Bitcoin's utility suppressing regulations.

Honestly in most nations you would still be working for 1 bitcoin and be fine. Yes, you wouldn't be making a bank in most western nations, but you would still survive. If you are making 20k a year in the USA, that is not ideal and you would be poor, but you wouldn't be the worst situation person, you would still be surviving, and it is a bit over minimum wage. Hell if you have another roommate that also works and makes that much, for a 40k a year, a household could stand, noodles and ramen but it could stand.

This is one of the richest nations in the world, if you look at other places like UK or Germany, it would be about the similar issue. The lower you go, the better life you would have. I am not even making 20k a year, I can tell you that much, and I am middle income in my nation, none of my friends make as much as I make, I am richest among my friends, and yet I am not making 20k a year.

Thanks for your honesty at this point, but as we can still see it is more about preferences. When you hire a graphic designer or developer here on the forum, it is usually denoted in USD per hour in converted into a certain crypto. No doubt about what you said, there are lots of countries where 20k a year would put you even in an amazing position. I am not sure though in how far people are willing to seal contracts denoted in Bitcoin per year and in how far there is infrastructure in the aforementioned countries to facilitate this type of contract. It still comes down to speculation. When would Elon Musk accept one Bitcoin for a Tesla when it was at 70,000 USD? Only when he thinks that Bitcoin has the potential to go up. So there is still some type of implied speculation in most transactions within the Bitcoin economy.