Re:Ask HN: Could Bitcoin be replaced by an ERC-20 token?
by bradwood on Friday May 27, 2022 @05:25PM
(#31535119)
> 1. Money isn't just created.
Er.. It is.
Between quantitative easing and fractional reserve banking it is created in 2 ways.
Spend some time reading and researching on these topics please
Re:Ask HN: Could Bitcoin be replaced by an ERC-20 token?
by bradwood on Friday May 27, 2022 @05:35PM
(#31535203)
And, by definition, bitcoin _is_ inflation-safe as it's supply is capped. Inflation means inflation of the money supply (often thought of as an increase in prices).
Bitcoins price may vary against other assets but it's supply will never exceed 21m
Re:Ask HN: Could Bitcoin be replaced by an ERC-20 token?
by Deritiod on Saturday May 28, 2022 @04:12AM
(#31538537)
Just because you will not be able to make more Bitcoin doesn't mean that you will experience no inflation.it just means that it will express itself different.
'Inflation is the rate of increase in prices over a given period of time'.
Either this will break Bitcoin because it is limited or the Bitcoin domination will change.
Already people are no longer buying one Bitcoin but subbitcoins like 0.01
Edit: and just in case you want to argue that this is deflation: Deflation is also bad. But BTC might reach a fluctuation point were it would see deflation and inflation.
2. Bitcoin is not inflation save either.
And much more volatile.