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Sometimes a debate is a healthy way to bring to light opposing views. In this way one can further question and challenge the arguments for and against the thing. It's important to regard all the considerations present in formulating  a constructive perspective on the thing in question.

Interesting debate took place recently with a couple of public profile crypto players being on the pro Bitcoin and Crypto side and a couple of less known academics arguing against Bitcoin.

An interesting argument against Bitcoin is the idea it's bad if the value of thing continues to go up over time.  It's suggested that this is bad because people will not spend so easily and will be more thrifty with their spending habits and this is argued as a bad thing because if people aren't spending enough that's bad for business.

I disagree with the above argument. 

Since my argument wasn't made by any of the bitcoin pro's - I'll make it here:

The value of Bitcoin increasing...the deflation over time is actually a good thing.  One - there's a strong incentive to collect payment using an asset that has deflationary value. This means Bitcoin is more valuable as time goes by.  Anyone who collected it and held onto it would be better off.  In fact with this kind of regard - anyone today working a low paying job who is collecting it all in bitcoin would be doing very well to do over time with the deflationary model here. Which would improve individuals economic stability even within low paying minimum wage jobs.  Heck - forget just low paying labor - anyone who receives payment in a deflationary asset is going to be better off financially over time.

Next point has to do with quality of business services and products.  When the consumer is more thrifty - companies cannot be careless or sloppy with their roll outs of products and services.  This means inferior products will become increasingly less in demand - and waste created through profitable business models of planned obsolescence will be less effective because as the consumer is more thrifty in saving their deflationary currency, they are also a more sophisticated shopper - meaning there's going to be more regard into the purchases as investments and quality of product.  This won't happen all of once - it would be a gradual curve that would develop over time and you'd have better and better products and services.  Sustainability starts to enter the picture here because we simply don't need to just spend money to stimulate the world - we can actually slow down and appreciate the best of things.  Consumers who are cautious with their spending represents a powerful force in the determination of world politics as consumerism is in a way a form of democracy.  In having people save and become more influential voters/shoppers by creating more scarcity for needless and frivolous shopping and products....the planet gets a little better and we start slowing down the amount of waste that is created on just pumping out products.

Retirement living is easy for everyone when you use a deflationary currency. You've banked some serious compounded time accumulation with an asset that appreciated over time.  Common sense that everyone would need such assets to insure a life of dignity and prosperity.

The idea is that the world should be a world of dignity, a dignified life for everyone.

Bitcoin and Crypto seem to be a step in the right direction.

[BITCOIN MORE THAN A BUBBLE: DEBATE](https://www.youtube.com/watch?v=ZceJMFXm57s)

**THANKS FOR TUNING IN**

**WHAT DO YOU THINK ABOUT BITCOIN AND CRYPTO, IS IT HERE TO STAY?**

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