Comment by dr_dshiv

Comment by dr_dshiv 15 hours ago

It’s funny, because the inflation of crypto comes not from the increase in the supply of individual coins (that’s controlled mathematically) but by increasing the number of cryptocurrencies themselves.

sigwinch 13 hours ago

I’m not so sure I buy that. Do nondecreasing counts of NFTs and meme coins account for the psychological source of inflation?

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dr_dshiv 13 hours ago

Can’t say for the memecoins and NFTs — but when it goes from just bitcoin to hundreds of different competitive legit coins, that does seem like inflation of money supply.

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hollerith 13 hours ago

That is a perverse use of "inflation" unless a holder of BTC or ETH were somehow forced to spend some of his BTC or ETH on every new cryptocurrency -- or it happened automatically, and for the holder to prevent it from happening was risky or tedious.

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