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Hyperinflation will Teach People a Lesson w/ Caitlin Long

Bitcoin Magazine Podcast

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The Bitcoin Derivatives Cap the Upside of Bit Coin During This Most Recent Bull Run

A lot of peoople think that the bit coin protocolprecludes more than 21 million big coins from being created. But if you added up all of the big coint io use in all the different intermediaries, it's far more than21 million. There are people who don't understand the distinction between a bi coin io and real bitcoin. And so what happens when those intermediaries satisfy real demand with supply that they created out of thin air? What's happening? Any time the supply curve gets pushed out to the right, what happens if you hold the demand constant? Price drops.

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