Bit 🐳 Ish on Nostr: OK so there's two different scenarios that can play out... In a hyperbitcoinized ...
OK so there's two different scenarios that can play out...
In a hyperbitcoinized world, where fiat is basically worthless, 1 sat = 1 sat. If there simply isn't enough sats to go around, the price of goods being traded will go down naturally.
In the more likely scenario where bitcoin and fiat both exist, if fiat is the dominant currency, price of bitcoin will rise (what we are seeing today). If bitcoin flips fiat and isndominant, bitcoin will continue to rise, albeit slower, and price of goods (denominated in sats) will likely start to fall.
In a hyperbitcoinized world, where fiat is basically worthless, 1 sat = 1 sat. If there simply isn't enough sats to go around, the price of goods being traded will go down naturally.
In the more likely scenario where bitcoin and fiat both exist, if fiat is the dominant currency, price of bitcoin will rise (what we are seeing today). If bitcoin flips fiat and isndominant, bitcoin will continue to rise, albeit slower, and price of goods (denominated in sats) will likely start to fall.