Today the annualized inflation rate of Bitcoin is 1.71%.
One year from today the annualized inflation rate of Bitcoin will be 1.68%.
Good luck getting this level of predictability from a central bank issued currency.
- nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
#BitcoinTwitter
#Bitcoin doesn’t actually have inflation. Its total supply is 21 million.
This old chestnut, it needs to inflate to get to 21 million in circulation, but yes there will only ever be 21 million and it will be deflationary as coins are lost, burned etc
🫂 Sorry for being a stickler, but conflating the two words inflation and circulation isn’t technically correct. Inflation happens in the denominator…the temporal state of #Bitcoin I.e. circulation, block rewards, hodl’ing etc, happens in the numerator. For fiat money, when they print; for gold, when they find it, the denominator is variable and infinite (inflation). #Bitcoin doesn’t have inflation, unique in fact, the denominator is fixed at 21 million. Yesterday, today and tomorrow.
Imagine there was one guy out there who owned all the btc in the world (every last sat), would he be able to send all 21m btc to you tomorrow? Yes or no?
Yes, if he owned the total supply of #Bitcoin. Which, btw, I know for a fact he doesn’t. Because I own some, you probably own some, not all #Bitcoin has been mined yet, some have been lost. But yes, if your guy owned the total supply of Bitcoin, then yes. Can your guy inflate Bitcoin beyond the total supply of 21 million? Yes or no?
The only problem is this guy can only send you what’s been mined to date ! So I guys the answer was no he can’t
