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2023-02-17 11:18:42 UTC
in reply to

MoneroMage on Nostr: About supply cap...bitcoin 21million is a lie. In reality you are not including ...

About supply cap...bitcoin 21million is a lie. In reality you are not including yearly lost coins. So really, it is a constantly shrinking supply.

One might think "That doesnt sound bad, my bitcoin will keep growing in value!"

True enough, but if it is continually growing in value it rationally leads to an eternal hodl mentality which is terrible for price discovery.

Gold is is naturally not supply capped. It has a small amount of inflation similar to Monero.