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SomersetBen / Somerset Ben
npub13wp…qpdr
2024-06-19 15:38:18
in reply to nevent1q…cdnn

SomersetBen on Nostr: The total amount of Bitcoin in the world is fixed, agreed. But the amount of Bitcoin ...

The total amount of Bitcoin in the world is fixed, agreed. But the amount of Bitcoin sloshing around that somewhat closed economy would go up, hence the thought there might be local inflation.

Reductio ad absurdum: what if somebody helicoptered in and gave 0.1 Bitcoin to half the residents; would the price of beer at the local bar still be 50 cents?
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