[xur17]

> Also the fact that you can convert US dollars to investments instantly instead of consuming basically extends the same situation, yet we still spend when we need to.

I've actually wondered about this -> why not use the SP500 as a form of currency? It seems like this would fit somewhere in between the US dollar and Bitcoin - store of value, increases in price over time (or at least historically does), pays dividends (so a productive asset). Downsides are no capped supply, and volatility (but so is Bitcoin).

[Consultant32452]

This would be a massive wealth transfer to the companies on SP500 because demand for the stocks would go up and those companies would basically get infinite zero interest loans by issuing more stock, which would inflate your currency.