balajis

balajis's avatar
balajis
npub1xeej...z3mx
Author of thenetworkstate.com
SUPERBITCOINIZATION IS ALREADY HERE “Normal” inflation is 2% per year. Or roughly 0.2% per month. And hyperinflation is 50% per month. So, we aren’t there yet. It’s all fine! But is it? What if we define something in between? Call it superinflation. Say superinflation is 5% per month. In that case… BTC has appreciated >20000% vs USD. Over a ten year period. That’s a monthly rate of >8.6%. That means the dollar has devalued against Bitcoin by more than 5% per month on average for ten years. So: yes, hyperbitcoinization hasn’t hit yet. But superbitcoinization is already here. We’ve been living through it. image