4 ms·

I was just considering inflation that people see "on the street". By including M1, aren't you including fractional banking? If that is so, if bitcoin became "s

I was just considering inflation that people see "on the street". By including M1, aren't you including fractional banking? If that is so, if bitcoin became "standard currency", banks would just fractionally bank bitcoin.

BelenusMordred 6y ago
Even if you are using CPI as monetary "inflation", it's still far below the CPI target of every developed economy on Earth. Do think M1 is the more accurate measure here because the amount of bitcoin in circulation is the equivalent of M1 as defined by everyone: "currency in supply". https://en.wikipedia.org/wiki/M1_(money_supply_measure) https://en.wikipedia.org/wiki/M1_(money_supply_measure)