wabisabi on Nostr: I wish balajis would post more here. I have to keep going to farcaster to get his ...

I wish balajis (npub1xee…z3mx) would post more here.
I have to keep going to farcaster to get his posts.

quoting
note104j…w4c3

SUPERBITCOINIZATION IS ALREADY HERE

“Normal” inflation is 2% per year.
Or roughly 0.2% per month.
And hyperinflation is 50% per month.
So, we aren’t there yet.
It’s all fine!
But is it?

What if we define something in between?
Call it superinflation.
Say superinflation is 5% per month.
In that case…
BTC has appreciated >20000% vs USD.
Over a ten year period.
That’s a monthly rate of >8.6%.

That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years.

So: yes, hyperbitcoinization hasn’t hit yet.
But superbitcoinization is already here.
We’ve been living through it.