Bitcoin is naturally deflationary. It encourages saving over spending, which suppresses frivolous consumption. I'd be curious to see how this compares to the energy consumption required to produce all the useless junk most people buy (including myself sometimes).
I unironically believe a deflationary currency is the only way to avoid climate collapse. That could be Bitcoin or something else, but what it can't be is a central authority who has the option to infinitely increase the money supply to maintain 'economic growth'.
I unironically believe a deflationary currency is the only way to avoid climate collapse. That could be Bitcoin or something else, but what it can't be is a central authority who has the option to infinitely increase the money supply to maintain 'economic growth'.