If my local currency is going through massive inflation there’s still a huge demand for it because people need it to buy goods and services which pumps the brakes on that inflation a bit
What happens when people realize they can use bitcoin to pay for goods and services instead and that transactional demand for the local currency is gone?
Hyperinflation is probably going to accelerate quicker than it has in the past because of bitcoin
RedLad / RL
npub1th…8fr5y
2023-03-22 13:56:57
Author Public Key
npub1thku2k53pzkuv47397cndlg8ry9lk85g76erl8l0ja5eesm88ykq68fr5yPublished at
2023-03-22 13:56:57Event JSON
{
"id": "7c135ffc5eb0181c2480a90cf58a4a5fae7abc9ae4ef496ffb7480cfaf9e9461",
"pubkey": "5dedc55a9108adc657d12fb136fd07190bfb1e88f6b23f9fef97699cc367392c",
"created_at": 1679489817,
"kind": 1,
"tags": [],
"content": "If my local currency is going through massive inflation there’s still a huge demand for it because people need it to buy goods and services which pumps the brakes on that inflation a bit\n\nWhat happens when people realize they can use bitcoin to pay for goods and services instead and that transactional demand for the local currency is gone?\n\nHyperinflation is probably going to accelerate quicker than it has in the past because of bitcoin",
"sig": "560d74418869b8d03034758545421c0abee2062ae40b1a1db42b142c60a463b85b29518158c1e415c1c95bd6475ac79f91d09b2af227130c1cec02bd9113cc51"
}