Nika on nostr

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From my basic understanding, it shouldn’t grow over time. It’s the bonus built into bitcoin, rewarding the early adopters so that there’s enough incentive to keep the network growing. When the...

Nika @Nika 1694801895

So, theoretically, after everyone is using Bitcoin as money, when I earn money through work, and save it for a year, it should be able to buy me the same amount of stuff as when I first put it in savings?

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I think that’s the idea, from 10-1000 years from now you would have the same amount of value. But since there can’t be more bitcoin, and bitcoin is lost every year through people losing their keys, then the value should still increase?

Duncan Cary Palmer · 154w

Great questions! Actually, nostr:npub1zcjv4t06jm6tk84nypk8g7q6z8jsra8u8q4kprv08krcpvmskzwqvwam8a, the bitcoin you work for and save will continue to be able to buy *more and more* because not only does bitcoin--the first truly "honest money" that can't be arbitrarily inflated--not only will it save...