I
explained in great detail, that reasonable rates of decentralized debasement of the money supply is not deleterious for the productive people. Decentralized debasement actually can dilute the lazy large capitalists who intend to capture everything by riding stored capital, and productively transfer that capital in a competitive proof-of-work to the more productive knowledge capital producers. This is done at a very gradual rate so that money still retains a store-of-value quality as well. Bitcoin's debasement rate has been very high in recent years and still going at 11% per annum, yet the price appreciated due to influx of adoption.
Would you mind explaining to a noob like me how Bitcoin is debased?
Thx