bitofbeach on Nostr: I understand your argument of the fixed supply, but as Bitcoin increases in dollar ...
I understand your argument of the fixed supply, but as Bitcoin increases in dollar value, the number of BTC needed for newly issued policies decreases. So eventually a $1M policy may only need to be 1 BTC death benefit.
Published at
2023-03-04 01:24:27Event JSON
{
"id": "14a1e85fc6979d50da98b6630c4e74b94860f8382c40631561022b76b6b43b29",
"pubkey": "09f2e9a7def3a08b992d9fc4c16f33633f58fc46197d01f9b7e2afcdb79b101a",
"created_at": 1677893067,
"kind": 1,
"tags": [
[
"e",
"ffc39781bab56bed9a8208de41787acf9f067891d7e22f155d0089baa426d104"
],
[
"e",
"cd68ad43751cfa3338ab9d2bbbfd01d2e7299fe1f166f3ef599a60be19361fde"
],
[
"p",
"ade74d9681f6e0c8fa258e8846c6617ff3e7d38d89394b606a44de047c78c7e5"
]
],
"content": "I understand your argument of the fixed supply, but as Bitcoin increases in dollar value, the number of BTC needed for newly issued policies decreases. So eventually a $1M policy may only need to be 1 BTC death benefit.",
"sig": "8d14fd4b5c8d70ae1849bda810fd6ed638bd674fb57e509677f255b10c0cd67ad61c0c865cd70f0386556398650dcd85582efb2d2ac9354fa75b74d35f7eaa4f"
}