Replying to Avatar Greeny

nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4

The 7-11 gas station by my house got hit with 2 stickers

I know the rules about no gas pumps, ATMs, signage, private property,etc….

However, I’m an outlaw

A rebel

So here it is 😂🤣😅

They must be ok with it though because I put them up like a week ago

Just stopped by a minutes ago to see if they were still there

We all good,

Nobody has taken them down yet!

The sign is wrong.

#bitcoin does have Inflation. But it never increases and it's going to zero with time.

Reply to this note

Please Login to reply.

Discussion

That is true

But I like to think of it as:

on a bitcoin standard life is deflationary not inflationary…. So it still makes sense to me

Goods and services get cheaper

So the sticker

But I definitely agree

Bitcoin has zero inflation. Fixed supply of 21 million, known to all. The denominator is always 21 million. Issuance, miner awards, circulation, velocity, liquidity, hodl’ing are all in the numerator.

Our inflation rate is cut in half approximately every 4 years…

Still a cool sticker and hopefully gets people talking and thinking

There's a huge difference between monetary inflation (fiat) and predictable issuance up to a fixed supply (bitcoin)

We cover this on the page the stickers link to here: https://bitcoin.rocks/inflation

BTC doesn't have inflation. It has a known, predictable, issuance rate for a finite supply.

Inflation is the increase of supply divided by stock.

Flow 2 Stock

… increase per year

And bitcoin's supply is ~21,000. It just hasn't been issued completely yet.

Yes, but the inflation is calculated with the actual supply. Or how would you calculate the $-inflation with an infinit supply?

If you want to be accurate, that's not true. Inflation measures the decrease of purchase power of a currency, not its monetary mass, whichever you choose (M1, M2, etc).

An increase of monetary mass at a rate exceeding demand for money (caused by increased economic activity) is one of the ways to cause inflation, in this case by causing nominal price increases.

The USD is inherently inflationary because there is no limit to this mechanism. Bitcoin is not inflationary because there is.

Then it would be named something like „decreasion“. To measure the decrease of purchasing power in order to measure the inflation is only a construct invented by governments, to present a lower inflation to the people. (As they decide what is to be used in Customer price index calculation.

The increase of the prices is not the same as the inflation. It is only the increase of prices.

The inflation is the increase of the money supply. The increase of the prices is a result of the inflation nit the inflation itself. not every price increase is preceded by inflation.

Don’t follow the keynes‘ economic.

21 Mio, not 21,000 🤓