Jeff Booth’s book explains how this works. It sounds like you should read about fiat money though, first. Cheers!
Discussion
There is a fixed supply of 21 million Bitcoin.
When a wallet contain Bitcoin is lost or destroyed, that Bitcoin is permanently inaccessible--it cannot be recovered.
The supply of Bitcoin dwindles over time.
The currency deflates indefinitely.
It's a very inconvenient fact that nobody here likes to address, but it is nonetheless a fact.
You're wrong you are clearly wrong. I'm done bro you're wrong.
How am I "clearly wrong"?
If it's so "clear," then surely you can explain how?
Go cry to your monero guys How Bitcoin doesn' Work and will Never work
You are incapable of responding to a point made against your precious internet money. Your response is to tell me to "go cry" instead of addressing the issue I've raised (deflation, in this case).
I think we're done here--you lost. Go back to the circlejerk.
