Last night i had an epiphany. Bitcoin is the real world version of runescape party hats.
For those unaware of this game, Runescape is an MMO game that has a fully functioning inflationary economy. Nearly two decades ago "Party Hats" of various colors were introduced to the game, and eventually were discontinued, capping the supply and creating a scarce asset within the game. In this game due to its inflationary economy, the majority of valuable items in the game lose nominal value year after year due to ever increasing item and gold supply.
However, Party Hats have increased in value almost every single year since their creation. In fact, they have increased in value so much, the game is not even programmed to allow you to hold enough gold in your inventory to purchase one. The richest players in the game even purchase them to hedge against the declining value of their other items.
Have any you guys ever thought about this before?
Submitted August 10, 2021 at 09:44PM by _526 https://ift.tt/3yIb2PC https://ift.tt/2Z7cX2s
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