Bitcoin isn't technically deflationary...
Everyone likes to talk about how bitcoin is deflationary and the perfect hedge against inflation.
While it is a decent hedge against inflation, it's certainly not perfect.
You see, every day new coins are created and enter circulation thus increasing the total supply out there.
This makes bitcoin technically inflationary.
BNB is one of the few coins out there that not only is not increasing its supply, but is actively decreasing it.
It's one of the few truly deflationary coins out there...
(Source: https://twitter.com/cz_binance/status/1552335126503297026)
Would be great if we could figure out a way to burn more STEEM coins.
Even better would be if we could figure out a way to burn more than we create each day... then we would really have something in terms of the price going up!
Your post was upvoted and resteemed on @crypto.defrag
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
First you need to categorically prohibit voting for your own posts, in terms of effectiveness, this tool is equivalent to burning
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good one! Thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't totally agree with you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit