If you're sticking to the idea that Bitcoin's supply is deflationary, you have a point.
But that's not the only meaning of deflationary. The effect of Bitcoin's fixed supply is increased purchasing power over time. Meaning that the price of things goes down because human innovation is constantly competing those prices down. And there's no way to inflate Bitcoin's supply to cause those prices to increase.
Hence Bitcoin is deflationary.
no, not hence btc deflationary.
the distinction between price and money supply is important and shouldn’t be dissolved cause it will just confuse people.
just speak with a little bit of precision.
prices will deflate, the money supply will not
btc is money, not a price
it’s a few extra words, and keeps everything clear
I agree the money supply won't deflate. But it doesn't matter what I think or you think. Words don't have meaning because I decide they do. They have meaning based on our collective use of them. And people use deflationary to mean price deflation. I'm fine with that. Words can have multiple meanings.
and we wonder why we are only at 90k 🤦♂️
gl hf my friend
Only at 90k?
First lower prices means my future purchases are cheaper.
Second, higher prices mean my previous purchases are more valuable.
So I don't really care about price. Every direction is beneficial.
the point is over your head.
i’ll put it this way for you.
why is the world not on a bitcoin standard?
because clumsy people say clumsy things and these dull spoons don’t cut the cheese when it comes to teaching.
attributing special meaning to common words already established is just dumb.
at the moment clarity is needed, we think jumping around and muddying the water is a good strat.
just read your note attempting to define meaning. your assertions invalidate your conclusion. its logic 101.
Ok. You can have the last word.
or say, bitcoin’s fixed supply causes prices to deflate
if you have a few extra words to spare
if you care about orange pilling people you love, avoid clumsy speech
