11 sats \ 2 replies \ @nullcount 18 Sep \ parent \ on: Wars between countries with Fiat vs Bitcoin? bitcoin
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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