Niko Laamanen
The real reason why #bitcoin fiat valuation goes down. Most people own IOU's, not bitcoin. I fear this week is only the beginning of the reckoning of this reckless game of musical chairs. #Hodl on to your sats.
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RT @Hodlonaut
What if the reason bitcoin is still so cheap is that many many people are buying and holding bitcoin that simply doesn’t exist?
#FractionalReserve
https://twitter.com/hodlonaut/status/1591789640461295616
hodlonaut 🌮⚡🔑 🐝 on Twitter

“What if the reason bitcoin is still so cheap is that many many people are buying and holding bitcoin that simply doesn’t exist? #FractionalReserve”

Twitter
Nov 13, 2022 at 4:45pmWeb
Show threadpox Nov 13, 2022
@omnifinn @Hodlonaut what happens to the value of an inflated currency as units are destroyed? When you destroy dollars the value of the dollar generally goes up. When you destroy paper bitcoin?