RE: Hive Inflation for January 2024! | Slightly Above the Projected One
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Well, according to what I read above, it looks like it's quite variable (still learning about this ecosystem), but it also looks like the supply has gone up by 100%+ in 7 years.
That sounds pretty inflationary to me.
But, I also think Bitcoin is hyper-inflationary (currently minting over $300k per hour)
That's why I'm a $CULTist ✊
Great mission, great community, and it's hyper-deflationary 🏆
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Bitcoin is hyperinflationary because the USD value of it is going up?
Interesting take.
I was saying the same thing when that USD value was $250k per hour, $200k per hour, and when it was doing $250k per hour at $25k per BTC before the last halving.
Inflation is theft. Always.
I guess if you had some sort of UBI inflation then... at least it's uniform theft? (still steals more (%-wise) from those with less wealth)
Inflation can only be theft if the thing it's paying for isn't worth the money.
Bitcoin inflation is security.
Is security not worth it?
Many would argue that security is the only thing that allows it to exist in the first place.