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by smacktoward 4823 days ago
"If on the other hand you just graduated undergrad and had a huge debt and your wage was actually set in bitcoins this would be great for you because the cost of paying off your dept would be from your bitcoin point of view spiraling to zero, as would the cost of everything else. That sounds like a pretty awesome situation to be in."

It would be! Except for the part where that very spiral discourages employers from paying wages in Bitcoin, since they'd make more money just holding on to those Bitcoins and letting the spiral make them money than they ever could paying workers with them. So those Bitcoin-paying jobs never leave the realm of the theoretical.