Good morning!

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.

Mutiny version 0.5.8 going out now. This includes additional fedimint features and fixes, including a "Swap to LN" feature that moves your federation esats to a self-custodial LN channel.

There have been some breaking changes to fedimint integrations over the last few releases.

It's recommended that you remove the previous federation if you're having issues sending and add a DIFFERENT federation for testing. Do not add the same one back.

Thank you all for testing, there should be less of these breaking changes now that we're improving these bugs.