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Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

there has never been and never will be a deflationary currency until bitcoin stops emitting new tokens

just should point that out... the supply of gold increases and has increased at 1-3% for all of recorded history by estimation, based on the sales of new gold from miners

i'm a tail emissions guy, so, my pet theory is that when the current precision of bitcoin is untenable it will be upgraded and emissions will continue at the same rate, most likely, just that previously there was nothing smaller than 1 sat... there is already millisats in LN protocol and as Mises points out, a fixed currency base does not preclude price calculation, in fact it makes it easier

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🇵🇸 whoever loves Digit 1y ago

Bitcoin is definitely deflationary. Coins are lost faster than new ones are made, the total supply therefore decreases.

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