↳ In-reply-to » @brasshopper "yearly inflation rate" is NOT "number of new pieces of currency created".

@brasshopper@twtxt.net I think (as I said in another Twt) it’s important to consider that BTC (not sure about other types of cryptocurrency tbh) are equivalent to a company that issues a limited number of shares (they all do) but never issues anymore than the first set.

However, as experience shows, the “share price” only has value because people are willing to buy/sell it. Same is true of BTC.

I have to believe that if BTC was not bought or sold (i.e: exchanged for fiat currency) it would have zero value.

It’s something you learn about wealth, currency and value. It’s called “unrealised value” or “unrealised wealth”. It is only “realized” once it changes hands.