1033 sats \ 4 replies \ @newnym 18 Sep \ on: Wars between countries with Fiat vs Bitcoin? bitcoin
Just because the Fiat country printed an extra trillion does not mean that that trillion is in fact worth a trillion.
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11 sats \ 2 replies \ @nullcount 18 Sep
True, but it takes time for this devaluation to be priced by markets. This is why we have cantillionaires who spend the new money while the market thinks its still worth something.
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0 sats \ 1 reply \ @quark 18 Sep
Devaluation can happen overnight. Market is smarter now. Unless you are the world reserve currency. Then you have a bit more time. But the ultimate result is the same.
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10 sats \ 0 replies \ @nullcount 18 Sep
Ok, but "overnight" is still enough time to finalize a contract for munitions and supplies.
Lets say the money supply doubled just now. The market doesn't even have a chance to price that until that new money is spent at least once.
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0 sats \ 0 replies \ @HardRich OP 19 Sep
No, of course not. That's a given. The issue at hand is how long does it take for the devaluation to take place? Presumably it takes a fair amount of time. Look at the money printing during COVID. Inflation didn't happen overnight.
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