Damus
balajis profile picture
balajis
@balajis
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.
3732❤️88🤙72💜9🫂5👀4🔥4
Derek Ross · 106w
I'm glad to see you posting on Nostr with us, making our signal even stronger. 💜🤙🏻🫂
S Murad · 106w
Welcome to Nostr, Balaji, we’re all very glad to have you here!!
Zach · 106w
Start posting The Network State podcast clips on Flare! https://flare.pub
Japhyrider · 106w
get yer wallet sorted ser. zaps are waiting
frphank · 106w
Value of bitcoin in tangible stuff: 10 years ago -- zero Today -- zero Certainly stable in some sense.
Nicholas · 106w
bitcoin is monetizing lineearly, but at soms point it goes hyper.
🐉AT ₿01 · 106w
So why do you like eth?
buyBTCRetireEarly · 106w
LFG Hi Balaji I want to raise a bet of 100 sats that bitcoin will go to 100k this 2024
IntuitiveGuy☯️ · 106w
Do you think "normal" inflation will remain 2% in the future, or do you see it as an impossible goal and the Central Bankers will probably shift the normality higher (3/4%)?
Capt Stab · 106w
Come on mate - get that LURL in your profile quick smart! ⚡️ ⚡️ ⚡️
🇦🇷🧡 Marcel 🟠⚡️ #Bitcoin is Hope 🙏 · 106w
😢 https://image.nostr.build/25fda09d32a6a7073376534384e57c75148389d2adda5d6be8b23989374f5a55.jpg
CraigTheSpaceBum · 106w
Now to make it legal tender worldwide 🌐 😎
unit · 106w
No one is zaping him 🤣
Primate · 106w
super!
Allen · 106w
Cool I like how we are superbitcoinizing
Christian · 106w
🇳🇴🙄
ObjectiF MooN⚡️₿ · 106w
It's a super point of view
Haha · 106w
https://image.nostr.build/64713e88007fcb02e44f9390c7c8d5f23092c38b5ba8c4c0c3cd0dd4b6506b80.jpg#m=image%2Fjpeg&dim=1080x530&blurhash=ZjS%3D3YXmuPrYbuWUV%3Ff%25ogoJkqX8aejEjYkCaya%23pdi_VXW.aKogogjGWng4a1jEkVkWbcaekBj%3F&x=6546a66fc7f55257e75b51774393623c55576af531233db9e010ccaea6f279af
Paul · 106w
Every one ₿ends the knee.
Laan Tungir · 106w
Glad you're on #NOSTR !!!
nostrich · 106w
Did you lose your bet?
Satosha · 106w
when you talk about inflation ; do you consider assets as part of the basket ? asking cuz that's not a right approach ..
gettxoutsetinfo · 106w
https://x.com/gettxoutsetinfo/status/1638957738712506375?s=46&t=qsUR3GISl2feGgZC4G-hMw
Deleted Account · 106w
lol is nostr like a bullpen for bangers? this is 🔥
Mexican Psycho · 106w
soooooo...... 90 more days to 1M BTC?
frphank · 106w
You forgot Beanie Babies in your "currency" chart. https://www.theguardian.com/technology/2024/jan/18/coinbase-cryptocurrency-lawsuit-beanie-babies-securities-sec
Paula · 106w
Interesting. When do you think hyperinflation hits? Still a good time to accumulate #Bitcoin