Should The Halving Be Called 'Quantitative Hardening?'
Plus digital dollar skepticism and DeFi comes to bitcoin
Happy Thursday, Blockfolians
Bitcoin briefly topped $7,000 today. Unfortunately it retraced quickly enough that it didn’t get to be our lead. Nonetheless, here’s a cool conversation we spotted.
Many have pointed out that there really couldn’t be a better advertisement for bitcoin than the halving happening at the same time that quantitative easing takes hold around the world. Today, however, the idea of making that contrast direct by calling the halving “quantitative hardening” or “quantitative tightening” picked up some serious steam.
Adam Back @adam3usbitcoin halving is "quantitative-hardening" fiat undergoing lots of politically driven quantitative easing. bitcoin supply algorithm starts quantitative hardening next month. (@pwuille quantitative hardening pun in bitcoincorrr rebrand joke. I like quantitative hardening!)
With the right media support - it just might happen. No matter what, the contrast couldn’t be clearer.
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