House prices fall continuously denominated in bitcoin. Bitcoiners live in a deflationary environment. I need to study Jeff Booth's stuff more as he's right on so many levels imo. Just finished his book ''The Price Of Tomorrow'' in spanish to train my spanih and to use it for orange-pilling more of my spanish friends and family. Btw: it's much easier here than in Germany.
117 sats \ 2 replies \ @DarthCoin 26 Nov 2023
Pretty much this
and well replicated by MaxisClub here:
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0 sats \ 1 reply \ @TomK OP 26 Nov 2023
Yes. It's like that
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0 sats \ 0 replies \ @nikotsla 26 Nov 2023
So true!
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10 sats \ 7 replies \ @Undisciplined 26 Nov 2023
What's really wild is that Bitcoin isn't even deflationary yet. It's just much less inflationary and incapable of becoming more inflationary.
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580 sats \ 2 replies \ @tomlaies 26 Nov 2023
It is deflationary already! Markets don't price for current reality, markets always price for future expectations.
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10 sats \ 1 reply \ @Undisciplined 26 Nov 2023
That's a good point, but "inflation" and "deflation" are supply concepts not price concepts, despite being used colloquially to describe price trends.
Edit: you might argue that Bitcoin is deflationary, because the supply per person is shrinking as it gets more widely adopted.
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580 sats \ 0 replies \ @TomK OP 26 Nov 2023
Good discussion! We clearly need a substack ''economy'' here on SN
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580 sats \ 3 replies \ @TomK OP 26 Nov 2023
Important aspect. One day it'll be the uncorruptable economic constant which defines relative scarcity
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0 sats \ 2 replies \ @Undisciplined 26 Nov 2023
At some point, maybe soon, the rate of losing Bitcoin will exceed the rate of mining Bitcoins. It will then actually be deflationary.
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580 sats \ 1 reply \ @TomK OP 26 Nov 2023
I can't imagine a person losing even one Sat if it reaches its price points in 10 or 20 years
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0 sats \ 0 replies \ @Undisciplined 26 Nov 2023
It might be a slow rate of loss, but stuff happens.
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0 sats \ 1 reply \ @rafaelasprilla334 26 Nov 2023
And it will continue to deflate the more is that Bitcoin solves almost everything monetary
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30 sats \ 0 replies \ @TomK OP 26 Nov 2023
That's our thesis which means: humanity will win by sucking out the monetary premium of real estate. That's social politics that really works!
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0 sats \ 1 reply \ @NYRK3661D 26 Nov 2023
Understanding this will be the salvation of many and not knowing it will be the downfall of others... thank you
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0 sats \ 0 replies \ @TomK OP 26 Nov 2023
Yep.
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0 sats \ 1 reply \ @nikotsla 26 Nov 2023
Add the book to my list... thanks!
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0 sats \ 0 replies \ @TomK OP 26 Nov 2023
Was a pleasure
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