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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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frphank 1y ago

Value of bitcoin in tangible stuff:

10 years ago -- zero

Today -- zero

Certainly stable in some sense.

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burns 1y ago

🤔

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Otis Bitmeyer 1y ago

I buy tangible things with btc.

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4f
4f726f19... 1y ago

As a non-Bitcoiner on nostr, what is your feed like

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frphank 1y ago

Lots of fun.

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