Gold has a capped supply. It’s just unknown. So it keeps inflating because inflation always refers to actual supply in the here and now and not to imaginary supply in the future.
Bitcoin could have very well failed in its early years. Would it then have been inflationary or deflationary?
If future capped supply makes a money deflationary, how do you measure or even call future increase in deflation by lost coinage?
The definitions fit. They have to be applied correctly though.
imnuso / IMNVSO
npub1hm…juy2s
2024-08-17 12:01:40
in reply to nevent1q…vtn4
Author Public Key
npub1hmmjfah37m94fycvyw42y0mrnw96ke73948n03fmfr5gj2fs77xq0juy2sPublished at
2024-08-17 12:01:40Event JSON
{
"id": "4cfd7370b10210a0893457e48b6b7980b3ce3f147e1d047aa5891fa8108ae852",
"pubkey": "bef724f6f1f6cb54930c23aaa23f639b8bab67d12d4f37c53b48e8892930f78c",
"created_at": 1723896100,
"kind": 1,
"tags": [
[
"e",
"dda0a8d4237c4f5b379ad26746cedade9a054624fdc9e098c91d8e206563e1f0",
"",
"root"
],
[
"e",
"b9c18950b96fcb793250385bdef6f5a4eb8182eccc9fc95e2a1136c1840fbe70",
"wss://feeds.nostr.band",
"reply"
],
[
"p",
"180a6d42c7d64f8c3958d9d10dd5a4117eaaacea8e7f980781e9a53136cf5693"
]
],
"content": "Gold has a capped supply. It’s just unknown. So it keeps inflating because inflation always refers to actual supply in the here and now and not to imaginary supply in the future. \n\nBitcoin could have very well failed in its early years. Would it then have been inflationary or deflationary?\n\nIf future capped supply makes a money deflationary, how do you measure or even call future increase in deflation by lost coinage? \n\nThe definitions fit. They have to be applied correctly though.",
"sig": "2d2e944469443c667e59029ff483e44a3a61d341c84805bfd1926f91b91a50aa351836b16b9eb416660eec42db3aeeea48c52ae2614d030569c6d1a89f9a3782"
}