Re:‘We’re a Cult’: Inside Bitcoin’s Shameless Hypefest
by samatman on Monday April 11, 2022 @08:41AM
(#30987894)
> since coins are incredibly deflationary
What a strange take. Would you describe any other currency which was actively being minted, such that the total quantity was increasing, as "deflationary"?
That sounds like inflation to me. What you mean, perhaps, is that the market is buying these assets higher over time, even though the total supply is increasing?
Shame that undermines your shallow and incorrect analysis of the dynamics at work.
What a strange take. Would you describe any other currency which was actively being minted, such that the total quantity was increasing, as "deflationary"?
That sounds like inflation to me. What you mean, perhaps, is that the market is buying these assets higher over time, even though the total supply is increasing?
Shame that undermines your shallow and incorrect analysis of the dynamics at work.