shishi on Nostr: I believe you need to adjust your verbiage. Inelastic as used as an economics term ...
I believe you need to adjust your verbiage.
Inelastic as used as an economics term doesn't describe bitcoin's nature - infact it describes a good that is completely the opposite.
Nor in demand or supply is this an accurate depiction:
Supply doesn't change at all due to price change.
Demand does change as price changes.
Published at
2025-02-26 01:38:13Event JSON
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"content": "I believe you need to adjust your verbiage.\n\nInelastic as used as an economics term doesn't describe bitcoin's nature - infact it describes a good that is completely the opposite.\n\nNor in demand or supply is this an accurate depiction:\n\nSupply doesn't change at all due to price change.\n\nDemand does change as price changes.",
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