M0rph3us on Nostr: In the existing monetary system, the expansion of the money supply redistributes ...

In the existing monetary system, the expansion of the money supply redistributes purchasing power from the poorest to the richest through the Cantillon effect. The rules of the monetary game are not the same for everyone, because the richest benefit directly from money creation (which is itself exponential and irreversible) to the detriment of the poorest.

In the #Bitcoin system, it is not possible to increase the total money supply (beyond the 21 million units of currency provided for in the protocol). There is no money creation, so no Cantillon effect, so no mechanical advantage for the richest.