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I opened with: > Let’s assume BTC replaces fiat (USD) If BTC replaces fiat, I don't believe it would increase in buying power at a rapid rate. I think it woul

I opened with: > Let’s assume BTC replaces fiat (USD) If BTC replaces fiat, I don't believe it would increase in buying power at a rapid rate. I think it would gradually increase in buying power over time only because the total supply will gradually shrink due to lost coins / dust /etc.

guelo 5y ago
Imagine what would happen in this imaginary world when GDP increases. More things are being produced which means there are more things that need to be sold. But there is a fixed number of coins to buy things with. Each coin has to be able to buy more things.