QuotableSatoshi on Nostr: Those coins can never be recovered, and the total circulation is less. Since the ...
Those coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.
Published at
2024-01-30 00:21:04Event JSON
{
"id": "731762ffa6a81538cae3c855b5c15fde46c905d73ac8b2cb4a986fc27e8da387",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1706574064,
"kind": 1,
"tags": [],
"content": "Those coins can never be recovered, and the total circulation is less. Since the effective circulation is reduced, all the remaining coins are worth slightly more. It's the opposite of when a government prints money and the value of existing money goes down.",
"sig": "9f47d1740dff46724c736bf5ad63e1a47fe052a7f5fa9f3c77166631d0426a101b3dc2d77a4a388f37e573efc00e37616868f115f782375f86f291d760e5b359"
}
