🫥 on Nostr: There is a difference between an elastic currency supply and a fixed currency supply. ...
There is a difference between an elastic currency supply and a fixed currency supply. The bitcoin supply isn't inflating, it's already created, just not distributed and circulating. I wouldn't call that inflation. Fiat currency is supposed to be elastic according to Keynes, but we never see the contraction, and that's the problem.
Published at
2024-09-01 13:11:39Event JSON
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"content": "There is a difference between an elastic currency supply and a fixed currency supply. The bitcoin supply isn't inflating, it's already created, just not distributed and circulating. I wouldn't call that inflation. Fiat currency is supposed to be elastic according to Keynes, but we never see the contraction, and that's the problem. ",
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