House prices fall continuously denominated in bitcoin. Bitcoiners live in a deflationary environment. I need to study Jeff Booth's stuff more as he's right on so many levels imo. Just finished his book ''The Price Of Tomorrow'' in spanish to train my spanih and to use it for orange-pilling more of my spanish friends and family. Btw: it's much easier here than in Germany.
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Yes. It's like that
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So true!
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What's really wild is that Bitcoin isn't even deflationary yet. It's just much less inflationary and incapable of becoming more inflationary.
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It is deflationary already! Markets don't price for current reality, markets always price for future expectations.
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That's a good point, but "inflation" and "deflation" are supply concepts not price concepts, despite being used colloquially to describe price trends.
Edit: you might argue that Bitcoin is deflationary, because the supply per person is shrinking as it gets more widely adopted.
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Good discussion! We clearly need a substack ''economy'' here on SN
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Important aspect. One day it'll be the uncorruptable economic constant which defines relative scarcity
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At some point, maybe soon, the rate of losing Bitcoin will exceed the rate of mining Bitcoins. It will then actually be deflationary.
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I can't imagine a person losing even one Sat if it reaches its price points in 10 or 20 years
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It might be a slow rate of loss, but stuff happens.
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And it will continue to deflate the more is that Bitcoin solves almost everything monetary
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That's our thesis which means: humanity will win by sucking out the monetary premium of real estate. That's social politics that really works!
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Understanding this will be the salvation of many and not knowing it will be the downfall of others... thank you
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Add the book to my list... thanks!
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Was a pleasure
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