Replying to https://twitter.com/veronikakuett/status/1595394871203971074:
@veronikakuett @jimmysong @RSync25 "feature"
Replying to https://twitter.com/NEEDcreations/status/1595421896279199744:
@NEEDcreations Christ and his righteousness
Family
Church
Health
Bitcoin
Stable job that facilitates the growth of my stack
Replying to https://twitter.com/SaithBanks/status/1595200713281486851:
@BTCSethB @tatumturnup @coryklippsten @ICOffenderII I made the mistake of skimming through this thread while on the phone with a colleague and this made me lose it. Well done! Winner IMO.
Thank you @stephanlivera for inspiring these thoughts with your earlier tweet.
As such, Bitcoin can be thought of as a fixed supply currency, which has a deflationary effect on prices of other goods, even as the supply is still being distributed, due to adoption outpacing distribution.
No matter how many ASICs are spun up on Bitcoin, the distribution rate will remain fixed until the next halving. Its distribution rate only ever decreases, until it finally ceases entirely.
Another major difference with inflationary currencies is the rate of inflation can be increased. Money printer can go BRRRRR faster, crypto devs can arbitrarily update the code, and gold miners can work harder.
Because of this, we know that there will only ever be 21 million Bitcoin, and the block subsidy is merely ensuring a decentralized, equitable, and predictable distribution of that fixed supply over time.
In one sense, the supply of Bitcoin is increasing with each block, but it is in a very different sense than with fiat currencies, cryptos, or even gold. None of these have a known and reliable expectation of the final supply cap.
Is Bitcoin inflationary? Yes and no.
A thread.
Replying to https://twitter.com/undefined/status/1595211061237530624:
@WakeToBitcoin @TransitoryHodl @MerrynSW Also, it's less about the OP, and more about the curious who read the responses.
Replying to https://twitter.com/MerrynSW/status/1595028692576702464:
@MerrynSW Open, permissionless, uncensorable, peer-to-peer value transfer to anyone anywhere in the world, and verifiable by anyone, so the need for trust is eliminated. If you can't see the problem solved by a digital native money without a centralized issuer, I can't help you.
Replying to https://twitter.com/CoinCornerMolly/status/1595090418655547392:
@CoinCornerMolly Bitcoin is always on sale if your time horizon is long enough.
Replying to https://twitter.com/nvk/status/1595127774263488513:
@nvk How many of them by their own personal experience?
Replying to https://twitter.com/nvk/status/1595054037589688326:
@nvk 2021 minted hodler here. No fear. Staying humble and stacking sats. Conviction is only growing.
Replying to https://twitter.com/imnuso/status/1594438621305643017:
@imnuso I agree, it does add a physical attack vector back in. That said, it’s a bit easier to mitigate than gold, particularly for large amounts. There is a massive expense and physical footprint for storing large amounts of Gold. Not so for a physical backup of your seed.
Replying to https://twitter.com/BossRosschild/status/1594876456911638528:
@BossRosschild @Strike Better yet, to a lightning address or lnurl.
Realistically, there are only two possible outcomes: #Bitcoin succeeds, or we all become subject to the tyranny of CBDCs.
If you want to avoid the latter, you should be working to ensure the former.
Replying to https://twitter.com/PreacherBTC/status/1594416966517026816:
@PreacherBTC @relai_app Middle name Muun.
Replying to https://twitter.com/PrasagaCEO/status/1594441589299953664:
@PrasagaCEO @dergigi @supercatmy And for most of history, the vast majority of that utility didn’t exist. Indeed, even its use as adornment was BECAUSE it was valuable, not the other way around.