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Replying to Avatar balajis

SUPERBITCOINIZATION IS ALREADY HERE

“Normal” inflation is 2% per year.

Or roughly 0.2% per month.

And hyperinflation is 50% per month.

So, we aren’t there yet.

It’s all fine!

But is it?

What if we define something in between?

Call it superinflation.

Say superinflation is 5% per month.

In that case…

BTC has appreciated >20000% vs USD.

Over a ten year period.

That’s a monthly rate of >8.6%.

That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years.

So: yes, hyperbitcoinization hasn’t hit yet.

But superbitcoinization is already here.

We’ve been living through it.

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Zach 1y ago 💬 2

Start posting The Network State podcast clips on Flare!

https://flare.pub

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Zach 1y ago

nostr:nevent1qy88wumn8ghj7mn0wvhxcmmv9uqsuamnwvaz7tmwdaejuamfdchsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0qy2hwumn8ghj7umhd9ehxtnwdaehgu3wd33j7qfywaehxw309aex2mrp0yh8xmmkv4ex26t8dejkuemfdejk2unfdenju6t09uq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7qgkwaehxw309aex2mrp0yhxummnw3ezucnpdejqzymhwden5te0wfjkcctev93xcefwdaexwqgswaehxw309ahx7um5wgh8w6twv5qzpnne5rn69w6548ue9x9tk3c6pchn7pummnrylzrhlxmmr3tl678ep9zzuu

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Nicholas 1y ago

rad ! for professional reasons, can turn off rhe sats stream (take no remuneration foe content) but still use it?

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