About supply cap...bitcoin 21million is a lie. In reality you are not including yearly lost coins. So really, it is a constantly shrinking supply.
One might think "That doesnt sound bad, my bitcoin will keep growing in value!"
True enough, but if it is continually growing in value it rationally leads to an eternal hodl mentality which is terrible for price discovery.
Gold is is naturally not supply capped. It has a small amount of inflation similar to Monero.
MoneroMage / Monero Mage
npub1ct…meyrr
2023-02-17 11:18:42
in reply to nevent1q…7sf7
Author Public Key
npub1ctzg6p38sn0v0ez96a33tarp70fkcjmjnafed6knzj822km6q3zqrmeyrrPublished at
2023-02-17 11:18:42Event JSON
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"content": "About supply cap...bitcoin 21million is a lie. In reality you are not including yearly lost coins. So really, it is a constantly shrinking supply.\n\nOne might think \"That doesnt sound bad, my bitcoin will keep growing in value!\"\n\nTrue enough, but if it is continually growing in value it rationally leads to an eternal hodl mentality which is terrible for price discovery. \n\nGold is is naturally not supply capped. It has a small amount of inflation similar to Monero.",
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