This conversation is a bit misguided in its premises. There is not that much excess capital compared to yesteryears when one considers the real value vs the nominal amount. If anything, sure capital will flow more freely and be doled out more freely in ever increasing nominal amounts.
However, let's stop and ponder, how much more will this capital buy? Will it buy more actual assets? Will salaries go up? Then you will get the same amount of engineers for the capital. This is quite a decaying state, not that different to how despite, more food being produced, and salaries "going upz and increasing" the average person in the US can afford, worse quality food and housing despite having "muh iphones".
Long term this trend will further bitcoin's position as a more useful nominal quantity. When will the salaries in fixed BTC begin? Right now it is a bit unstable, sure "muh transaction costs". But imagine schemes where pay is paid out yearly, reducing the number of transactions, or where it is held in escrow.
However, let's stop and ponder, how much more will this capital buy? Will it buy more actual assets? Will salaries go up? Then you will get the same amount of engineers for the capital. This is quite a decaying state, not that different to how despite, more food being produced, and salaries "going upz and increasing" the average person in the US can afford, worse quality food and housing despite having "muh iphones".
Long term this trend will further bitcoin's position as a more useful nominal quantity. When will the salaries in fixed BTC begin? Right now it is a bit unstable, sure "muh transaction costs". But imagine schemes where pay is paid out yearly, reducing the number of transactions, or where it is held in escrow.