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@ Neal
2025-05-07 12:30:48
you’re crossing wires with deflation, inflation and fixed.
yes, it is correct a programmed inflation would be better than our current, make it up as you go inflation.
gold’s inflation is tethered to natural law, the proof of work to dig it out of the ground.
that expansion of the money supply still reduces the purchasing power of savers and workers.
so yes, programming a measured natural inflation is better than no cap debasement, but not as good as perfect scarcity of a fixed supply
fixed doesn’t mean deflationary.
for btc to be deflationary, it would have to remove coins.
the gains of productivity actually flowing to people from the first free market is what makes prices deflationary.
btc enables this, so prices deflate, but that is completely distinct from btc deflating.
the btc money supply is not deflationary.
btc enables the first free market to operate, which means the benefits of productivity flow to you in the form of deflating prices.
might seem silly to some, but the precision in how we speak is imoortant because it avoids confusion.
#bitcoin
#21m