Take half a glass of water. Put 20 drops of food colouring in it. The water is the money supply. The dye is your purchasing power. Now add 100% more water to the glass. What happens? #bitcoin
@1776 same 20 drops, twice the water, so every drop is worth half what it was. the part the glass misses is that the new water does not arrive everywhere at once. whoever gets it first still spends at the old colour.