Bitcoin Worm on Nostr: There is no deflation in Bitcoin. You are using these terms incorrectly. the *supply* ...
There is no deflation in Bitcoin. You are using these terms incorrectly.
the *supply* of new bitcoin decreases, this is emission or issuance. This is not inflation or deflation as there is only ever 21m bitcoin.
Monero has a tail emission, which is not *inflation* as no single entity or person can inflate the monetary supplyat will and by anu amount they want. We know exactly how much will be emitted, just like bitcoin. The only difference is Bitcoin stops at a certain date, and everyone hopes fees will be enough to secure the network ( it won't because everyone just sits on their bitcoin and doesn't use it like monero users use monero, as cash).
I am perfectly justified in comparing it to fiat because the study of fiat and gold is where these terms come from.
the *supply* of new bitcoin decreases, this is emission or issuance. This is not inflation or deflation as there is only ever 21m bitcoin.
Monero has a tail emission, which is not *inflation* as no single entity or person can inflate the monetary supplyat will and by anu amount they want. We know exactly how much will be emitted, just like bitcoin. The only difference is Bitcoin stops at a certain date, and everyone hopes fees will be enough to secure the network ( it won't because everyone just sits on their bitcoin and doesn't use it like monero users use monero, as cash).
I am perfectly justified in comparing it to fiat because the study of fiat and gold is where these terms come from.