10 sats \ 2 replies \ @DiedOnTitan 7 Mar freebie \ on: No, bitcoin didn't really hit an all-time high. Here's why econ
The beautiful thing about Bitcoin is that there will never be an "adjustment for inflation" because Bitcoin cannot be inflated. It is the immovable object, the great anvil upon which all softer forms of money will get pounded.
write
preview
18 sats \ 1 reply \ @arrivederci 7 Mar
Instead, Bitcoin has an adjustment for deflation, because as some coins get irretrievably lost, everyone else's Bitcon becomes more valuable.
reply
8 sats \ 0 replies \ @Bell_curve 7 Mar
Probably 1 million coins have been lost from 2009 and 2010
Then Silk Road arrived in 2011 and those coins became more valuable lol 😆
reply